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- Hoskinson forecasts Bitcoin at $500K within five years, reaching a $10T market cap.
- Bitcoin DeFi and institutional adoption seen as major catalysts.
- Short-term prediction places BTC at $250K in this bull cycle.
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Former Ethereum co-founder and Cardano founder Charles Hoskinson has issued one of the boldest Bitcoin forecasts yet. In a recent interview with David Lin, Hoskinson predicted that Bitcoin could surge to a $10 trillion market capitalization within the next five years, placing it just behind gold as the world’s second most valuable asset.
Bitcoin Price Outlook: $500K Per Coin
At its current market cap of $2.24 trillion, Bitcoin ranks seventh among the world’s largest assets. Hoskinson’s $10 trillion target would push BTC ahead of tech giants like Amazon, Microsoft, and Google. With an estimated circulating supply of 20 million BTC, this valuation translates into a price of roughly $500,000 per Bitcoin — a 342.8% increase from its current $112,910 level.
Other industry leaders share similar optimism, albeit with varying timelines. Binance founder Changpeng Zhao (CZ) previously suggested Bitcoin could hit this milestone during the current bull cycle, while Standard Chartered projects the move within three years.
DeFi and Institutional Adoption as Catalysts
Hoskinson attributes his bullish outlook to Bitcoin’s evolving ecosystem. He highlighted ongoing efforts to introduce decentralized finance (DeFi) functionalities to Bitcoin through cross-chain innovations, including Cardano’s own projects. By enabling BTC holders to generate yield through smart contract integrations, Bitcoin could unlock new layers of utility and adoption.
Beyond technology, Hoskinson pointed to rising institutional involvement. From digital asset treasury firms to sovereign wealth funds, large-scale players are steadily accumulating Bitcoin. He also noted that the U.S. government itself currently holds over 212,000 BTC, underscoring mainstream adoption momentum.
Also Read: Cardano Founder Hints at XRP Collaboration — Lace Wallet to Add Support
Short-Term Prediction: $250K This Cycle
While Hoskinson’s five-year forecast is ambitious, he remains optimistic about Bitcoin’s nearer-term trajectory. He reaffirmed his belief that Bitcoin will hit $250,000 by the end of this bull cycle, aligning with predictions from traders such as Greg O’Gallagher and EliteOption Trader.
Hoskinson’s predictions may appear bold, but they align with a growing consensus among crypto leaders that Bitcoin is on the cusp of its next major growth phase. With DeFi integration, institutional accumulation, and favorable regulation, Bitcoin’s path toward multi-trillion-dollar valuations could be closer than many expect.
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Disclaimer: The information in this article is for general purposes only and does not constitute financial advice. The author’s views are personal and may not reflect the views of Chain Affairs. Before making any investment decisions, you should always conduct your own research. Chain Affairs is not responsible for any financial losses
I’m your translator between the financial Old World and the new frontier of crypto. After a career demystifying economics and markets, I enjoy elucidating crypto – from investment risks to earth-shaking potential. Let’s explore!
