![](\"https:\/\/coinjournal.net\/wp-content\/uploads\/2025\/02\/shutterstock_1834285150.jpg\")
\n<\/picture> <\/div>\n- \n
- Cardano founder Charles Hoskinson said Bitcoin could surge to $250,000.<\/li>\n
- He also dismissed the recent tariff escalation as a short-term drag<\/li>\n
- US spot bitcoin ETFs registered net outflows of $127.12 million on Wednesday.<\/li>\n<\/ul>\n
Cardano founder Charles Hoskinson said Bitcoin could surge to $250,000 within a year, banking on regulatory clarity in the U.S. and a return of speculative interest once macroeconomic jitters ease.<\/p>\n
In an interview with CNBC, Hoskinson said the crypto market may remain subdued for the next three to five months but forecasted a rebound starting in August or September, driven by new institutional entrants and improving market sentiment.<\/p>\n
\u201cThat\u2019ll carry through probably another six to 12 months,\u201d he said.<\/p>\n
He pointed to pending US stablecoin legislation as a critical turning point.<\/p>\n
Both the Senate\u2019s GENIUS Act and the House\u2019s STABLE Act have passed their respective committees, signaling a potential regulatory green light that could bring major tech players, referred to as the \u201cMagnificent 7,\u201d including Apple, Microsoft, and Amazon, into the dollar-pegged token space.<\/p>\n
Hoskinson said the adoption of stablecoins by these firms could unlock a new phase of crypto legitimacy and integration.<\/p>\n
Crypto will be the only option for business globalization, he added, arguing that rising geopolitical fragmentation makes decentralized financial systems increasingly attractive.<\/p>\n
Bitcoins Not worried about Trump\u2019s tariffs<\/strong><\/h2>\n
He also dismissed the recent tariff escalation as a short-term drag.<\/p>\n
\u201cWhat will happen is that the tariff stuff will be a dud,\u201d Hoskinson said, before President Trump\u2019s April 10 decision to pause reciprocal tariffs on non-retaliating nations.<\/p>\n
According to him, markets will eventually recognize that the dispute is centered largely on US-China tensions, not a global trade collapse.<\/p>\n
Hoskinson believes that as the trade situation normalizes, the Federal Reserve could step in with rate cuts, restoring liquidity and further fueling crypto inflows.<\/p>\n
The bullish prediction comes despite current headwinds. Bitcoin remains down about 24% from its January all-time high of $108,786, trading at around $81,703 even after a modest rebound following Trump\u2019s tariff pause.<\/p>\n
Supporting his outlook, Hoskinson cited a 13% year-over-year rise in global crypto adoption, with the user base reaching 659 million in 2024, according to data from Crypto.com.<\/p>\n
Bitcoins Bitcoin ETFs see continued outflows<\/strong><\/h2>\n
US spot bitcoin ETFs registered net outflows of $127.12 million on Wednesday, despite a broad crypto market rally.<\/p>\n
BlackRock\u2019s IBIT led the withdrawals, recording $89.71 million in outflows, while Grayscale\u2019s GBTC saw $33.8 million exit, according to data from SoSoValue.<\/p>\n
Products from VanEck and WisdomTree also experienced redemptions.<\/p>\n
Bitwise\u2019s BITB stood out as the sole gainer, drawing $6.71 million in net inflows.<\/p>\n
The day\u2019s withdrawals mark the fifth consecutive session of negative flows across US-listed spot bitcoin ETFs.<\/p>\n