Charles Hoskinson emphasized that Bitcoin is increasingly viewed as a "strategic reserve asset", akin to gold. Some states have started discussing the creation of a "strategic reserve in Bitcoins", which is exclusively about storing BTC, not other cryptocurrencies.
Hoskinson pointed out that many altcoins, such as ETH and ADA, can compete with Bitcoin in various aspects, but as a store of wealth, BTC remains unmatched.
"I believe that Bitcoin will be worth between $250,000 and $500,000 within the next 12-24 months due to the influx of funds and interest. BTC is a means of preserving wealth on the Internet and will remain so, especially after the emergence of the DeFi level on the network of the first cryptocurrency," Hoskinson stated.
He also highlighted that the concept of "digital gold" helps the first cryptocurrency spread around the world. Furthermore, the emergence of spot ETFs on Bitcoin has attracted the interest of major corporations — the market capitalization of such funds is now approaching $120 billion.