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Cardano’s Hoskinson believe Bitcoin will surpass $250,000

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Bitcoin, the world’s largest cryptocurrency by market capitalization, is heading to the next target price of $100,000 after rising 33% in just a month, but Cardano’s founder projects beyond.

Founder of Cardano Charles Hoskinson projects that Bitcoin will reach the price target of $250,000 in just 2 years. He believes that the target price is the lowest target to achieve, yet the highest target is $500,000.

According to Hoskinson’s YouTube live video posted on Nov. 27, he noted that several factors would increase the Bitcoin price in the future, including the massive inflow into the crypto market as well as the institutional eyes that have been interested in Bitcoin in recent days.

“It is my believe that Bitcoin will go to quarter and half million dollars in the next 12 to 24 months, because of the investment inflow and and the great interest that has been achieved,” Hoskinson said.

He mentioned that Bitcoin as a value store of the internet remain useful for decentralized finance (DeFi) in the future. The DeFi mode, also known as the new capabilities of DeFi, could bring Bitcoin through the Cardano network so the holders could participate in the DeFi ecosystem.

Cardano’s outlook after Bitcoin rose

Cardano, as one of the biggest cryptocurrencies based on market capitalization, has grown in the past month following the rise of Bitcoin, increased 190% and reached a price of $1 for the first time after dropping in 2022. In the past 24 hours, the token was traded for $1.5 billion or dropped by almost 40%.

The market is also eyeing the possibility of Cardano spot ETF after several cryptocurrencies have already crypto product versions, including Bitcoin and Ethereum.

ADA projected would be bullish in the near future if the asset management pushes the ETF version to the Securities and Exchange Commission (SEC).



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Bitcoin

Bitcoin Layer 2 Foundations Should Buy Bitcoin For Their Treasuries

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January 7, 2025

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I’ve been thinking about this a lot lately: Bitcoin Layer 2 foundations need to start holding bitcoin in their treasuries. It makes too much sense for them not to.

And apparently I’m not the only one.

As someone who’s watched this space evolve, let me explain why Bitcoin Layer 2 foundations should listen to Molly and I.

For years, bitcoin was known as “digital rock”—a solid store of value but not much else. But now with the explosion of Bitcoin Layer 2s, bitcoin is becoming a “programmable rock.” These layers are adding functionalities like smart contracts and scaling solutions, making bitcoin more versatile than ever.

But here’s the thing: these projects raise millions of dollars from VCs and investors, and most of that money ends up sitting in fiat currencies like USD. That’s a huge mistake.

Why? Because fiat is a melting ice cube. Every year, it loses 5-10% of its value due to inflation. The longer you hold it, the less it’s worth. On the other hand, bitcoin has a Compound Annual Growth Rate (CAGR) of around 70%. If these foundations held their treasury in bitcoin instead of fiat, their runway wouldn’t just stay the same—it would grow.

Imagine having 70% more resources each year to fund developers, grants, and projects. That’s the kind of edge that could make or break a Layer 2 ecosystem.

Okay, okay, I get it — Bitcoin is volatile, and these foundations need some stability. Because of this, keeping 3 to 4 years of runway in fiat makes sense. It would help to cover short-term needs. But the rest? It should be in bitcoin. Over the long run, this strategy could double or even triple the runway of these foundations, giving them the time and resources they need to succeed.

There’s a precedent for this too. Remember EOS? They raised $4.2 billion in 2018 and reportedly bought 164,000 bitcoin with it. Today, that bitcoin is worth around $16 billion—even though EOS itself fell off the map. Now, imagine if Bitcoin Layer 2 foundations did the same but actually used their bitcoin to grow and sustain their ecosystem. The potential is massive.

At the end of the day, these foundations are building on Bitcoin. They believe in its future, so why not hold it in their treasuries? Bitcoin is the best store of value out there. If you’re running a Bitcoin Layer 2 foundation, stop holding depreciating fiat, and start holding bitcoin. It’s not just a smart move—it’s the move.

This article is a Take. Opinions expressed are entirely the author’s and do not necessarily reflect those of BTC Inc or Bitcoin Magazine.



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Bitwise CIO Reacts As Czech Republic Mulls Bitcoin Reserve

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January 7, 2025

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Matt Hougan, the Chief Investment Officer (CIO) of American asset management firm Bitwise, has reacted to the news of the Czech Republic’s strategic Bitcoin reserve plans. Having predicted earlier that nation states adoption of Bitcoin will soar this year, Hougan noted that “the dominos start to fall.”

Czech Republic Bitcoin Plans

In a CNN Prima News interview, Aleš Michl, the Governor of the Czech National Bank, revealed they are weighing how to diversify the country’s reserves with Bitcoin. However, he added that there are no active strategies in place to make this move yet.

While Michl said he favors the onboarding of Bitcoin as an asset diversifier for the Czech Republic, he said this decision is not solely his to make. He said there are seven members on the board whose say might also sway the ongoing discussion. Despite the lack of concrete plans, the Governor acknowledged that;

“Bitcoin is an interesting option for diversification against other assets.”

On his part, the Czech Republic National Bank executive said he plans to add just a few Bitcoin units with no plans to make a significant investment. This plan to make Bitcoin a strategic reserve asset aligns with the growing conversations in different nations. While Japan rejected the BTC reserve idea, different states in Switzerland continued to explore the plans.

MicroStrategy bought 258,320 BTC in 2024, and with this, the focus on the top coin has grown over the past few months. While corporate firms are looking to borrow the MicroStrategy playbook, Matt Hougan predicted that governments will firm one of the three insatiable demand sources for Bitcoin this year.

The Wait on Donald Trump Administration 

The Czech Republic is considering adopting Bitcoin as a strategic asset, marking a major advancement in the idea that started with Donald Trump. During his Presidential election campaign, Trump promised to establish a strategic Bitcoin reserve in the United States. The crypto community is now very expectant following his victory.

On his part, the President-elect is convening a crypto advisory council that will help look into the BTC strategy. Many industry leaders are in support of the plan, highlighting how it can help the country solve its growing debt challenge.

However, the economic viability and longer-term impact on the US Dollar remain a concern that might derail the plans overall. In light of this, Peter Schiff proposed USACoin as an alternative to the BTC reserve plans, as reported earlier by Coingape.

Bitcoin As Biggest Beneficiary

Amid the growing conversations around the adoption of Bitcoin, the coin has a major prospect of continuing to grow. Notably, the top five Bitcoin price predictions for 2025 peg the coin at a range of $200,000 to $500,000, hingeing on its status as a reserve in most nations’ portfolios.

Currently, the coin is down by 4.45% in 24 hours to $97,173.39. The coin dropped from a high of $102,712.48 as investors cooled off from the latest rally.

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Godfrey Benjamin

Benjamin Godfrey is a blockchain enthusiast and journalists who relish writing about the real life applications of blockchain technology and innovations to drive general acceptance and worldwide integration of the emerging technology. His desires to educate people about cryptocurrencies inspires his contributions to renowned blockchain based media and sites. Benjamin Godfrey is a lover of sports and agriculture.

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Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.





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$1 Million

From Laser Eyes to Upside-Down Pics: The New Bitcoin Campaign to Flip Gold

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5 hours ago

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January 7, 2025

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Well, my dear Bitcoiners, it seems we’ve done it. The unthinkable has been thought, the improbable achieved, and the utterly ridiculous made reality: Bitcoin has surpassed $100,000! But now, as the laser eyes dim and the confetti settles, the question looms: What next?

Never fear, for Bitcoin’s restless, meme-loving army has a new mission—and it’s as ambitious as it is bonkers. Our target? Flipping gold’s market cap on its antiquated, shiny head and sending Bitcoin hurtling toward a cool $1 million per coin. Because, let’s be honest, who needs gold when you’ve got digital treasure?

A Flashback to the Laser Eyes Phenomenon

Before we dive into our latest antics, let’s take a moment to tip our hats (or perhaps don our monocles) to the #LaserEyesTill100K campaign. Back in the halcyon days of 2021, a Bitcoin enthusiast named Chairforce—yes, that’s a real person, not a Transformer—had the brilliant idea to Photoshop laser beams onto Twitter avatars. Why? Because nothing screams “financial revolution” quite like looking like a superhero in a Marvel knockoff.

The movement was a hit. Politicians joined in. Celebrities too. Even your Uncle Geoff with his dodgy internet connection managed to slap some laser eyes on his profile pic. The campaign’s goal? To keep those lasers burning bright until Bitcoin hit $100K. And three years later, in December 2024, it finally happened. For the full backstory, you can read all about it in the excellent Bitcoin Magazine piece, “The Origins of Bitcoin Laser Eyes”.

But now that Bitcoin is sitting pretty in the six-figure club, it’s time to retire the lasers (you can stop frightening the family cat now) and set our sights on a new frontier.

The New Mission: Flipping Gold

Ah, gold—the shiny, yellow relic that people have been hoarding for centuries. While it’s lovely for necklaces, teeth, and pirate treasure chests, it’s time for Bitcoin to knock it off its gilded pedestal. Currently, Bitcoin’s market cap is $2.018 trillion, a respectable 11.36% of gold’s $17.765 trillion. Not bad, but we’ve got bigger plans.

In 2024, Bitcoin’s market cap surpassed silver, which was a bit like overtaking your slower cousin in a three-legged race. But here’s the kicker: BlackRock, the financial behemoth, launched a Bitcoin ETF last year, and it’s already outperformed their Gold ETF. Yes, you read that right. The demand for Bitcoin is growing faster than a queue for free tea and biscuits.

The next step? 2025 could be the year Bitcoin flips gold’s market cap, finally proving to the world that digital trumps physical. And, of course, we need a campaign to match this monumental goal.

Introducing #PicFlipTillGoldFlip

Now, let’s talk about campaigns. After the roaring success of laser eyes, the Bitcoin community needed something fresh, bold, and devilishly simple. My first idea was #GoldGrillTill1Mill, where users would Photoshop gold teeth onto their profile pics. But then I remembered two things: 1) Not everyone has the graphic design skills of Picasso, and 2) Some of us still have nightmares about Kanye’s dental bling.

Then it hit me—KISS: Keep It Simple, Stupid. And so, the #PicFlipTillGoldFlip campaign was born. The idea is delightfully daft: flip your profile picture upside down. That’s it. No lasers, no gold teeth, no expensive software. Just rotate your image and voilà, you’re part of the movement.

This symbolizes Bitcoin’s current position below gold’s market cap. The image is upside down because Bitcoin hasn’t flipped gold—yet. But when it does, we’ll flip those images right-side up faster than you can say “store of value.”

Will You Join the Movement?

Social media campaigns like this aren’t just about having a laugh (though, let’s face it, the laughs are a bonus). They create community, spread awareness, and remind everyone that Bitcoin’s potential is, quite literally, out of this world.

The laser eyes campaign rallied Bitcoiners from $50K to $100K in just three years. The question now is: how long will it take to flip gold? One year? Two? A decade? However long it takes, the momentum is with us. Bitcoin is no longer the scrappy underdog—it’s the digital heavyweight, poised to take the crown from the king of shiny rocks.

So, dear reader, will you flip your pic for Bitcoin? Will you take part in #PicFlipTillGoldFlip and join us on this absurdly exciting journey to $1 million? Or do you have an even better idea for a campaign? If so, speak up! The Bitcoin community is always up for a bit of mischief.

Until then, I’ll see you upside down. Cheers!

#PicFlipTillGoldFlip
#FlipItForBitcoin

This article is a Take. Opinions expressed are entirely the author’s and do not necessarily reflect those of BTC Inc or Bitcoin Magazine.





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