In April, Charles Hoskinson, the founder of Cardano (ADA), predicted that Bitcoin could hit $250,000 as early as this year. At the time, Bitcoin was trading at $77,000, having reached a record high of $109,000 in January.
Hoskinson based his optimistic outlook on the belief that international negotiations, especially between the U.S. and China, would benefit Bitcoin. He argued that easing tariffs would boost market sentiment and adoption, particularly with the expected passage of the GENIUS Act, which President Trump signed into law a few months later.
However, current market conditions have cast doubt on this forecast. Bitcoin has since seen significant volatility, briefly climbing to $126,000 in mid-October before the broader crypto market lost over $1 trillion in total market capitalization. This decline is largely due to ongoing selling pressure from worried investors and substantial outflows from Bitcoin ETFs, with nearly $2 billion sold since October.
Currently, Bitcoin is trading around $89,300, down nearly 30% from its recent all-time highs. Jacob King, CEO of Swandesk, has publicly dismissed Hoskinson’s $250,000 target as unrealistic.
Is Bitcoin entering a new bear market? King shared on X (formerly Twitter) that such high predictions seem “pulled out of thin air” and reflect a market still dealing with “delusions.” He believes the industry is at the start of a new bear cycle.
Market analyst Lark Davis agrees, noting that based on Bitcoin’s classic four-year cycle, it has officially entered bear market territory. Davis suggests two possibilities: either the four-year cycle no longer applies, or the market has turned bearish, and given the current macroeconomic environment, he leans toward the latter.
Other analysts share this bearish outlook. One known as Mr. Wall Street speculates that Bitcoin may have peaked at $126,000 for this cycle and could face a drop to between $74,000 and $82,000, with a potential further decline to $54,000–$60,000 by Q4 2026.
Frequently Asked Questions
Of course Here is a list of FAQs about a CEO reducing the Cardano founders Bitcoin price prediction and cautioning about a bear market
BeginnerLevel Questions
1 What is the main news here
A CEO from a crypto company has publicly stated that he disagrees with a very optimistic Bitcoin price prediction made by Charles Hoskinson the founder of Cardano The CEO believes the bear market is far from over
2 Who is Charles Hoskinson
He is one of the cofounders of Ethereum and the founder of Cardano a major blockchain platform He is a prominent and influential figure in the cryptocurrency space
3 What is a bear market
A bear market is a prolonged period when investment prices are falling typically by 20 or more from recent highs Its generally accompanied by widespread pessimism and negative investor sentiment
4 Why would a CEO publicly disagree with another leader
In the crypto world leaders often have different analyses of the market Public disagreements can highlight different viewpoints manage community expectations and show that even experts dont always agree on the future
5 Should I sell my crypto because of this news
Not necessarily based on one opinion This is a single perspective Its important to do your own research consider your financial goals and risk tolerance and not make panic decisions based on any one persons prediction
Advanced Practical Questions
6 What was Charles Hoskinsons original Bitcoin price prediction
While the exact figure can vary the context of this news suggests Hoskinson made a very bullish longterm prediction potentially in the hundreds of thousands or even millions of dollars per Bitcoin
7 What reasons might the CEO have for being more cautious
The CEOs caution could be based on several factors including macroeconomic pressures low trading volumes a lack of new investors entering the market or negative regulatory developments
8 How do bear markets typically affect projects like Cardano
Bear markets can be challenging They often lead to lower token prices reduced development funding and less hype However they can also be a period where strong projects focus on building fundamental technology rather than marketing
9 What are some signs that a bear market might be ending
Signs can include prices stabilizing and forming a