Cardano Founder Predicts Bitcoin’s Rise to $500,000 Within Two Years

Charles Hoskinson, the creator of the Cardano (ADA) blockchain, has expressed a highly optimistic outlook for Bitcoin (BTC), predicting a dramatic rise in its value over the next couple of years.

He believes Bitcoin could soar by as much as 436%, reaching between $250,000 and $500,000 within 12 to 24 months, driven by increasing investor interest and adoption.

Hoskinson envisions Bitcoin becoming a digital counterpart to gold, a role humanity has relied on for millennia as a store of value. In his view, Bitcoin is uniquely positioned to serve as the internet’s primary store of value, a status he expects it to maintain well into the future.

He also highlights potential catalysts for Bitcoin’s growth, including its integration with decentralized finance (DeFi) applications and increasing government interest. Hoskinson suggests that the Taproot upgrade, which significantly improved Bitcoin’s smart contract functionality, has transformed the network from a dormant powerhouse to a thriving ecosystem.

He believes this shift positions Bitcoin to dominate DeFi, outpacing platforms like Ethereum, Solana, and Cardano itself within the next two to three years.

Hoskinson further notes that discussions among governments regarding Bitcoin as a strategic reserve asset underscore its growing significance. According to him, this development cements Bitcoin as the primary entry point for institutions and nations into the crypto market.