Bitcoin can reach $ 250 thousand. At the end of this or beginning of next year, said Cardano blockchain founder and Ethereum co -founder Charles Hoskinson in an interview with CNBC. According to him, this can happen if technological giants, such as Microsoft and Apple, will enter the cryptocurrency sphere. He writes about this RBC Crypto.
According to Hoskinson, the markets are stabilized after the current uncertainty caused by new duties, then the US Federal Reserve (Fed) will reduce the key rate, “and then you will have a lot of fast and cheap money that will flow into cryptocurrency.”
Hoskinson called a number of reasons that can lead to an increase in bitcoin price. This is an increase in the number of cryptocurrency users, a new geopolitical situation in which cryptocurrencies will remain the only means of globalization, and the potential use of stablecoins by the largest technological companies.
“The international order based on the rules is replaced by the conflict of the great powers. <...> The contracts are actually not very working, and the global business is also not very working there. So your only option for globalization is cryptocurrency, ”said Hoskinson.
He also noted that the US legislation will be adopted on stablecoins and the protection of investors, which can lead to the Magnificent Seven (technical gigants Alphabet, Amazon, Apple, Meta Platforms (the company is recognized as extremist and prohibited in Russia), Microsoft, NVIDIA and TESLA) to introduce these assets. According to Hoskinson, these companies could use stablecoins to pay employees in different countries or even to conduct small transactions on their platforms, which would be expensive in traditional form.
The businessman said that the totality of these factors, and especially the adoption of stabibigans, will “flare up” the cryptocurrency market. According to the forecast of Hoskinson, the market will be in a state of stagnation, probably over the next 3-5 months, but then, probably in August or September, a “huge wave of speculative interest” will come, which will probably last another 6-12 months.
On April 10, Bitcoin ranges about $ 81.8 thousand. The price of the first cryptocurrency reached the historical maximum at the end of January at a mark of about $ 109 thousand, since then the asset has fallen in price by 25%.
Be in the know! Subscribe to Telegram.
Source: Cryptocurrency
I am an experienced journalist and writer with a career in the news industry. My focus is on covering Top News stories for World Stock Market, where I provide comprehensive analysis and commentary on markets around the world. I have expertise in writing both long-form articles and shorter pieces that deliver timely, relevant updates to readers.
