Cardano Projects Bitcoin Hitting $500,0000
Cardano’s founder believes that Bitcoin, the largest cryptocurrency in the world by market valuation, will surpass the next target price of $100,000, which has risen 35 percent in just one month. Cardano’s founder Charles Hoskinson stated that Bitcoin will hit the $250,000 price target in two years.
According to him, the target price is the lowest goal to reach, while the highest goal is $500,000. in line with Hoskinson’s live YouTube video from November. 27.
He pointed out several factors that would raise Bitcoin’s price in the future, such as the large influx of investors into the cryptocurrency market and the institutional interest in the cryptocurrency in recent days.
“Given the inflow of investments and the high level of interest that has been attained, I believe that Bitcoin will reach a quarter-million dollar value within the next 12 to 24 months,” Hoskinson stated.
He stated that Bitcoin, as an online value store, will continue to be helpful for decentralized finance (DeFi) in the future. , the DeFi mode, referred to as the new DeFi capabilities may introduce Bitcoin through the Cardano network for Bitcoin holders to engage with the DeFi ecosystem
Cardano, has risen 200 percent in the last month and, reached $1 for the first time since 2021.. The market is also considering the potential for a Cardano spot ETF, given that several cryptocurrencies, such as Ethereum and Bitcoin, already have crypto product versions. ADA predicted that if the asset management submitted the ETF version to the Securities and Exchange Commission (SEC), the market would be bullish.
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