Charles Hoskinson Highlights Bitcoin Prediction Between $250K and $500K in Two Years

The founder of blockchain Cardano (ADA) CEO Charles Hoskinson has outlined an incredibly bullish prediction for Bitcoin’s rise, predicting a price appreciation of between $250 and $500 in just two years. The bold prediction about BTC’s price in the coming years was revealed in a live stream recent.

According to Hoskinson’s prediction, the largest cryptocurrency on the market could see a dizzying price surge towards a staggering $250.000 and $500.000 in a timeframe spanning the next 12 to 24 months.

It is worth noting that Hoskinson's optimistic forecast for the future of Bitcoin was based on the significant increase in institutional investment, as well as opportunities in the field of decentralized finance (DeFi).

At the same time, the creator of ADA also highlighted the transformative potential of the largest cryptocurrency on the market, positioning it as a strategic asset for governments and institutions at a global level. Hoskinson suggested in his analysis that BTC could serve as a strategic reserve asset. In addition, the executive also argued about the potential of Bitcoin-based DeFi to surpass other ecosystems in a period of between 24 and 36 months.

Cardano Founder Shares Vision of a DeFi-Enabled Bitcoin Ecosystem

Cardano (ADA) blockchain founder Charles Hoskinson, expressed Hoskinson recently outlined his vision for a Bitcoin ecosystem that is enabled by decentralized finance. In a post on X on November 26, Hoskinson outlined his vision to build a “DeFi-enabled Bitcoin-powered hybrid application ecosystem.”

At the time, the creator of ADA highlighted the return of his interest in the fundamental code of Bitcoin as he also noted that adding a DeFi layer to the largest cryptocurrency on the market could lead to the restoration of its innovation prominence.

“Just a quick reminder, having been around for a long time and having read a lot of the early Bitcoin source code, it’s easy for me to get back into the mindset of Bitcoin’s design and purpose. It’s like a childhood friend I lost touch with and rediscovered. I really like the idea of ​​Bitcoin finally having a DeFi layer and returning to innovation prominence.”

In his commentary, Hoskinson emphasized his personal goal of seeing an ecosystem of hybrid applications that are powered by DeFi-enabled Bitcoin.