Bitcoin to hit $250,000; Mag 7 adopt stablecoins: Charles Hoskinson
Bitcoin could hit $250,000 as early as this year with technology giants such as Microsoft and Apple entering the cryptocurrency space, industry veteran and founder of the Cardano blockchain Charles Hoskinson told CNBC.
Crypto markets have been hammered amid a sell-off of risk assets stoked by U.S. President Donald Trump’s “reciprocal tariffs” on countries across the world. Bitcoin traded below the $77,000 mark on over the last week, but on Wednesday spiked above $82,000 as Trump dropped levies to 10% for 90 days for most countries to allow for trade negotiations.
Sill, bitcoin has fallen far from its more than $100,000 record high hit in January — even as industry players remain bullish on the cryptocurrency.
Hoskinson, who has been in…
