Bitcoin price of 500,000 USD in 2025? Hoskinson’s crazy forecast
Will the Bitcoin price reach a value of 500,000 US dollars as early as 2025? Cardano founder Charles Hoskinson surprises in a new video with an extremely bullish forecast. The programmer bases his prediction on a recent development in particular.
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Bitcoin price of 500,000 USD in 2025? Hoskinson’s crazy forecast
Will the Bitcoin price reach a value of 500,000 US dollars in 2025? Cardano founder Charles Hoskinson no longer considers this figure to be unrealistic. He cites a possible political change as the driving force behind an impending price explosion.
Currently, government Bitcoin reserves are being discussed more and more often. The proposal has received a lot of attention in the USA since July. A crypto-friendly government is approaching there under Trump, which will take office in January.
Colleagues of the new President Trump have been increasingly speaking out in favor of a state Bitcoin reserve in the USA in recent months. Senator Cynthia Lummis has already created a bill called the Bitcoin Act, through which the USA is to invest one million BTC. Trump’s personal crypto advisor David Bailey supports the concept.
“No matter how good Ethereum , Solana and Cardano may be, governments are only talking about a strategic Bitcoin reserve,” Hoskinson explained in a new video .
“I believe Bitcoin will be worth $250,000 to $500,000 in the next 12 to 24 months,” the programmer continued.
According to the report, the technical conditions are not currently groundbreaking. Rather, Bitcoin is benefiting from its popularity. Due to the rapidly growing interest from governments, an avalanche of investments is rolling towards the cryptocurrency.
“This creates an ecosystem whose value approaches that of gold. (…) Simply put, Bitcoin is the store of value of the Internet. For the foreseeable future, it will remain in this role.”
Can government Bitcoin adoption impact crypto?
In his explanation, Hoskinson states: Bitcoin once again serves as an entry point. It is the best-known of all cryptocurrencies and is therefore seen by the public as a general representation of the crypto market.
Nevertheless, this development could sooner or later have an impact on the broad crypto market and lead to new discussions. Instead of blindly investing Bitcoin as a reserve, the question of technological progress will then arise and bring other cryptocurrencies into the discussion.
“[Bitcoin] is the entry point. Maybe the dialogue will change in the next five, 10 or 15 years,” Hoskinson said.
The future of Bitcoin, however, is still up in the air. So far, only two countries in the world are known to be actively building up a Bitcoin reserve. One is the Asian kingdom of Bhutan. The small country has already invested 12,200 BTC, as records show . Bhutan does not buy Bitcoin directly, but invests in mining.
On the other hand, El Salvador regularly purchases BTC. However, since they are small countries with low economic output, their involvement has not yet led to an international breakthrough.
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This could change if the US takes a turn. It is not known whether this will succeed. Trump has so far only announced that he will not allow the sale of confiscated Bitcoin under his leadership. The US currently holds around 207,000 BTC.
