Bitcoin [BTC] has been making headlines with its unpredictable price movements. Recently, BTC flirted with $100,000 before experiencing a sharp decline to $92,000. However, it has since rebounded, trading at $96,723.69, marking a nearly 2% increase in the past 24 hours, according to CoinMarketCap.
Hoskinson’s Bold $500K BTC Forecast
Charles Hoskinson, Co-founder of Cardano [ADA], captured attention this week with a bold Bitcoin price prediction. In a recent video, he stated that BTC could soar to between $250,000 and $500,000 within the next 12 to 24 months. Hoskinson attributed this forecast to growing investment inflows and rising interest in Bitcoin.