Cardano creator Charles Hoskinson predicts a bright future for crypto, especially Bitcoin, fueled by global political tensions. He believes the current geopolitical climate, marked by trade wars and power struggles, will ultimately drive people towards digital assets.
Hoskinson’s Bullish Bitcoin Prediction
In a recent CNBC interview, Hoskinson argued that the ongoing conflicts between major world powers are creating an environment where traditional global trade mechanisms are failing. He sees cryptocurrency, and Bitcoin in particular, as a solution, offering a decentralized alternative for global transactions. This, he says, will lead to a massive surge in Bitcoin’s price.
He boldly predicted Bitcoin will hit a price of $250,000 by the end of this year or early next. He believes that initial disruptions caused by trade disputes will eventually settle, leading to a new global economic order where cryptocurrencies play a central role.
Crypto as a Hedge Against Geopolitical Risk
Hoskinson’s core argument is that the shift away from a rules-based international order towards a more conflict-driven one makes cryptocurrency a more attractive option. He points to the difficulties of conducting business under these conditions, suggesting that crypto offers a more stable and accessible alternative for global transactions. Essentially, he sees crypto as a hedge against geopolitical uncertainty.
At the time of writing, Bitcoin was trading at $81,275, reflecting a recent price increase. However, it’s important to remember that cryptocurrency investments are inherently risky.
