In a video posted this week, the Cardano founder attributed this potential surge to increasing investment inflows and growing interest in the cryptocurrency.
Hoskinson argued that Bitcoin is poised to become a digital counterpart to gold, a store of value humanity has relied on for millennia.
“Bitcoin is the store of value for the internet and will remain so now that it has a DeFi layer,” he stated. He further predicted that Bitcoin could outpace all other ecosystems in the crypto space within three years due to its scale and liquidity.
Governments considering Bitcoin as part of their strategic reserves, he said, signal its growing significance as a global asset.
This prediction comes during a time of heightened attention on Bitcoin, following President-elect Donald Trump’s renewed focus on cryptocurrency. Trump, who marked the anniversary of Bitcoin’s White Paper earlier this year, has pledged to implement a digital asset regulatory framework during his presidency. At a recent Bitcoin conference, Trump emphasized that future regulations would favor the industry rather than oppose it.
Trump’s selection of Bitcoin-friendly hedge fund manager Scott Bessent as US Treasury Secretary has further fueled optimism among crypto enthusiasts. Bessent, known for his openness to a national Bitcoin reserve, has indicated that Bitcoin could play a central role in the country’s financial strategy.
Despite Bitcoin nearing the US$100,000 milestone last week, its price has since cooled, trading around $96,000 as of today, down about 1.8% over the past five days. Yet, if Hoskinson’s vision materializes, this dip may merely be a blip on the path to unprecedented highs for the cryptocurrency.
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