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Cardano founder Charles Hoskinson is surprisingly bullish on Bitcoin - and predicts a BTC price of half a million dollars. In numbers: $500,000 per Bitcoin. Should you buy a small amount of Bitcoin now - or would you rather buy Cardano for the same money?
0.5 million dollars per BTC: Bitcoin forecast by Charles Hoskinson
With Bitcoin's jump to almost $100,000, the price targets of many forecasts have also shifted significantly upwards. $100,000 is seen as having been "achieved", although the Bitcoin price has already stopped just short of that at $99,655. Now it's time to identify the peak of the next upward phase. In other words: How high can Bitcoin rise?
Bitcoin maximalist Michael Saylor sees BTC heading towards $13 million per coin in the next few decades – and Cardano founder Charles Hoskinson also has an interesting price target in his forecast.
That's right: Charles Hoskinson - the very same crypto VIP who recently expressed his conviction that his cryptocurrency Cardano (ADA) will one day overtake Bitcoin (BTC). Now he's suddenly turned bullish on Bitcoin - and in one of his online monologues predicted a jump to a whopping $500,000!
After an increase of 0.16 percent in the last 24 hours, Bitcoin is currently trading at $93,353, 6.19 percent below its most recent record high. The markets have been correcting for a few days, and many coins have had to give up some of their recent gains.
Could it be worth getting involved? According to Hoskinson, the lull in the crypto markets is only temporary - he sees bullish developments coming that will give BTC and Co. enormous support on their way to new all-time highs. What does the programmer have in mind?
Cardano founder: “Let’s be honest…”
Hoskinson admits surprisingly openly: As good as Ethereum, Solana or Cardano may be, one should remain honest. When governments talk about a strategic reserve, they are talking about "Bitcoin and only Bitcoin," says the Cardano founder. That is their "entry point" into the cryptocurrency. This narrative may change again in a few years. But, the industry VIP continues:
"I believe Bitcoin will rise to a quarter to half a million dollars within the next 12 to 24 months."
Hoskinson cites the enormous inflow of investment, which he believes will "be reflected in an ecosystem" whose value approaches that of gold, as reasons for this. […] Hoskinson's bullish Bitcoin conclusion:
“Simply put, Bitcoin is the store of value for the Internet.”Cardano Founder says #Bitcoin is going to $500,000🚀 pic.twitter.com/FUU3dYhrYH— Vivek⚡️ (@Vivek4real_) November 26, 2024
Important: Investing is risky. Do your own extensive research before deciding whether or not to invest in a cryptocurrency. And: only invest what you are prepared to lose.