Cardano founder Charles Hoskinson predicts Bitcoin could surge to $250,000 within a year, with regulatory clarity and improved market sentiment as driving factors.
Hoskinson believes a rebound in the crypto market will start in August or September, led by institutional investors and pending US stablecoin legislation.
He argues that rising geopolitical fragmentation makes decentralized financial systems increasingly attractive for business globalization.
US spot bitcoin ETFs experienced net outflows of $127.12 million on Wednesday, despite a crypto market rally.