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Cardano founder Charles Hoskinson forecast Bitcoin’s price to reach about $250,000 by 2026, driven by ongoing institutional demand and a constrained supply. He argued that the same dynamics supporting Bitcoin could lift prices further as traditional capital channels begin allocating crypto exposures. Hoskinson noted that Morgan Stanley’s move to permit private wealth advisers to advise on crypto allocations could spur broader participation, since even a modest allocation band could shift competitive dynamics.
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Looking ahead, he framed 2026 as “the year of privacy,” with demand for selective disclosure and privacy-preserving tooling that can support regulated activity without leaking sensitive data. He said private DEXs could emerge as major volume centers, challenging some centralized exchanges for specific flows. Centers of privacy are to be anchored by Midnight, a “fourth generation” system designed for practical privacy, cross-chain compatibility, and API-driven integration to ease developer adoption.
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He argued that stablecoins have become a bigger onboarding engine than Bitcoin for new users, with growing on-chain liquidity capable of reshaping DeFi totals and market structure. World with dollars-on-exposure may see sustained demand for crypto rails, enabling material on-chain activity even if Bitcoin’s cycle diverges from altcoins.
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