Cardano founder, Charles Hoskinson, predicts that Bitcoin may hit $250,000 in late 2025 or early 2026, which could lead to new highs for altcoins like Cardano (ADA).
Bitcoin has rebounded from a drop caused by Donald Trump's announcement of reciprocal tariffs, currently trading at $82,000 with a 1.2% increase in the last 24 hours.
Hoskinson's projection is based on increased cryptocurrency adoption and geopolitical shifts, which could spur more investment in digital assets. Regulatory clarity is also expected to make the crypto market more appealing to institutional investors.
The surge in Bitcoin could have a positive impact on Cardano (ADA), with Grayscale filing for an ETF tied to ADA's price, potentially increasing confidence in the asset's long-term development.