$BTC

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.

Bitcoin has bounced back above $95,000

following significant volatility over the past four trading sessions. The cryptocurrency hit an intraday low of $90,770 on Wednesday but has since rallied, driven by positive developments in the U.S. regulatory landscape and favorable market sentiment.