Cardano founder Charles Hoskinson suggested in a Nov. 26 live stream that Bitcoin’s price could surge to $250,000 or $500,000 in the next twelve to twenty-four months. He says this is because governments worldwide are discussing a strategic reserve for Bitcoin and Bitcoin only.
Hoskinson said “it is my belief that Bitcoin will go to $250,000 to $500,000 within 12 to 24 months, because of inflows and interest.”
Hoskinson said governments worldwide are discussing a strategic Bitcoin reserve that will be their entry point into the crypto market. The interest will likely drive Bitcoin’s value, translating it into an ecosystem rivaling Gold.
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#undefined [Source: TheDefiant]