{"id":9013,"date":"2025-11-20T14:00:22","date_gmt":"2025-11-20T14:00:22","guid":{"rendered":"https:\/\/coinscap.info\/blog\/ceo-cuts-cardano-founders-bitcoin-price-forecast-warns-bear-market-just-starting\/"},"modified":"2025-11-20T14:00:22","modified_gmt":"2025-11-20T14:00:22","slug":"ceo-cuts-cardano-founders-bitcoin-price-forecast-warns-bear-market-just-starting","status":"publish","type":"post","link":"https:\/\/coinscap.info\/blog\/ceo-cuts-cardano-founders-bitcoin-price-forecast-warns-bear-market-just-starting\/","title":{"rendered":"CEO Cuts Cardano Founder\u2019s Bitcoin Price Forecast, Warns Bear Market Just Starting"},"content":{"rendered":"

Cardano (ADA) founder Charles Hoskinson previously projected that the Bitcoin price could reach an impressive price of $250,000 as early as this year. This bold forecast, made in April, came at a time when Bitcoin was trading at $77,000 after achieving a record high of $109,000 in January.\u00a0<\/p>\n

Hoskinson’s Optimistic Bitcoin Price Forecast<\/h2>\n

Hoskinson’s optimism was based <\/a>on his belief that international negotiations, particularly between the US and China, would favor Bitcoin\u2019s growth.\u00a0<\/p>\n

The Cardano founder suggested that easing tariffs would lead to a positive market reaction and bolster adoption, particularly with the anticipated passage of the GENIUS Act, which was signed into law by President Trump a few months later.<\/p>\n

However, the current market realities have raised doubts about Hoskinson’s prediction. Since then, Bitcoin has experienced significant fluctuations, briefly regaining momentum to reach $126,000 mid-October, only to see the broader crypto market subsequently shed over $1 trillion in total market cap.\u00a0<\/p>\n

This downturn has largely been attributed to persistent selling pressure by concerned investors, and substantial outflows from the Bitcoin exchange-traded fund (ETF) sector, with nearly $2 billion sold over since October.<\/p>\n

As it stands, Bitcoin is trading at approximately $89,300, marking a nearly 30% decline from its recently achieved all-time highs. In light of this, Jacob King, CEO of Swandesk, publicly dismissed Hoskinson’s $250,000 price target, characterizing it as unrealistic.\u00a0<\/p>\n

\"Bitcoin<\/p>\n

Is Bitcoin In A New Bear Market Cycle?<\/h2>\n

In a post <\/a>on social media platform X (formerly Twitter), King stated that such lofty price predictions are \u201cpulled out of thin air\u201d and reflect a market still grappling with \u201cdelusions.\u201d King elaborated on his viewpoint, suggesting that the industry is in the early stages of a new bear market cycle.\u00a0<\/p>\n

He is not alone in this assessment. Market expert Lark Davis recently noted <\/a>that, based on the classic four-year Bitcoin price cycle, the cryptocurrency has officially entered bear market territory.\u00a0<\/p>\n

\"Bitcoin<\/p>\n

Davis commented that this scenario leaves two possibilities: either the established four-year cycle is no longer relevant, or the market has indeed shifted into a bearish phase. Given the current macroeconomic backdrop, he leans toward the latter interpretation.<\/p>\n

Additionally, others in the market have echoed these bearish sentiments. An analyst known as Mr. Wall Street has recently speculated that the Bitcoin price peaked at $126,000.\u00a0<\/p>\n

The analyst believes that this may mark the zenith for this cycle, predicting that the Bitcoin price could next face significant downward pressure, potentially slipping to a range between $74,000 and $82,000. He further forecasts a possible decline to levels between $54,000 and $60,000 by the fourth quarter of 2026.<\/p>\n

Featured image from DALL-E, chart from TradingView.com\u00a0<\/p>\n","protected":false},"excerpt":{"rendered":"

Cardano (ADA) founder Charles Hoskinson previously projected that the Bitcoin price could reach an impressive price of $250,000 as early as this year. This bold forecast, made in April, came at a time when Bitcoin was trading at $77,000 after achieving a record high of $109,000 in January.\u00a0 Hoskinson’s Optimistic Bitcoin Price Forecast Hoskinson’s optimism…<\/p>\n","protected":false},"author":1,"featured_media":9014,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[93],"tags":[33,1523,48,43,35,49,50,45,36,3587,102,60],"class_list":["post-9013","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-bitcoin-news","tag-bitcoin","tag-bitcoin-bear-market","tag-bitcoin-news","tag-bitcoin-price","tag-btc","tag-btc-news","tag-btc-price","tag-btcusdt","tag-crypto","tag-crypto-bear-market","tag-crypto-market","tag-crypto-news"],"_links":{"self":[{"href":"https:\/\/coinscap.info\/blog\/wp-json\/wp\/v2\/posts\/9013","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/coinscap.info\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/coinscap.info\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/coinscap.info\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/coinscap.info\/blog\/wp-json\/wp\/v2\/comments?post=9013"}],"version-history":[{"count":0,"href":"https:\/\/coinscap.info\/blog\/wp-json\/wp\/v2\/posts\/9013\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/coinscap.info\/blog\/wp-json\/wp\/v2\/media\/9014"}],"wp:attachment":[{"href":"https:\/\/coinscap.info\/blog\/wp-json\/wp\/v2\/media?parent=9013"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/coinscap.info\/blog\/wp-json\/wp\/v2\/categories?post=9013"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/coinscap.info\/blog\/wp-json\/wp\/v2\/tags?post=9013"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}