Bitcoin has lately been experiencing a blend of price spikes and lows, with BTC currently stable at $93K at press time. The token is down significantly from its earlier ATH of $120K, battered by macro developments and uncertainties. However, this doesn’t stop experts like Charles Hoskinson from believing how the asset is meant for the long haul and that it’s targeting the ambitious $250K mark by beating all odds.
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Why Hoskinson Believes Bitcoin Will Touch $250K
Explaining his reasoning behind his claim, Hoskinson was quick to add how Bitcoin is meant for the long run. The asset is collectively attracting more interest and capital inflows as time goes by, signaling strong momentum towards the asset. At the same time, talks of governments taking note and building Bitcoin reserves may also end up helping the asset score high price targets in the future.
The Cardano founder later shared how he believes Bitcoin is on its way to compete with gold. Moreover, Hoskinson stated how Bitcoin may emerge as the store of value for the internet, making it extremely valuable for years to come.
“As good as Ethereum can be, and Solana can be, and Cardano can be, let’s be intellectually honest about this. Governments are talking about a strategic reserve of Bitcoin, and Bitcoin alone. It’s their entry point. And perhaps in 5 or 10 or 15 years, that dialogue and narrative will change. But it is my belief that Bitcoin is going to go to a quarter million to half a million dollars within the next 12 to 24 months because of the investment inflows and the great interest that has been achieved. This will translate to an ecosystem whose value is starting to approach that of gold, an asset humans have used as a store of value for over 5,000 years. Simply put, Bitcoin is the store of value for the internet.
The Latest Technical Insights
According to CoinCodex BTC stats, Bitcoin is currently eyeing to hit the $102K mark by April 2026.
“According to our latest Bitcoin price prediction, BTC is forecasted to rise by 12.21% and reach $102,578 by April 7, 2026. Per our technical indicators, the current sentiment is bearish, while the Fear & Greed Index is showing 28 (fear). Bitcoin recorded 15/30 (50%) green days with 2.16% price volatility over the last 30 days.”
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