Bitcoin to hit $250,000 this year and Magnificent 7 to adopt stablecoins, Cardano founder predicts

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 the crypto industry for more than a decade and helped co-found the Ethereum blockchain, said he believes bitcoin will reach $250,000 "by the end of this year or next year." "What will happen is that the tariff stuff will be a dud, and that people wil ... Read full article.