Bitcoin has been under a lot of pressure lately. Many risky assets are falling because the long government shutdown created a lot of fear and uncertainty in the wider economy. As Bitcoin slipped below the important ninety thousand dollar mark this week it even formed what traders call a death cross. This happens when the short term trend falls below the long term trend and it often signals more weakness in the near future.

Even with all this negativity Charles Hoskinson who helped create Ethereum is still very optimistic about Bitcoin. He believes Bitcoin can still reach two hundred fifty thousand dollars by the end of next year.

His confidence comes from a major shift in who is now participating in crypto. In earlier bull runs most of the money came from retail traders. This time he says the biggest players in finance are stepping in. He named BlackRock Goldman Sachs Morgan Stanley and even parts of the US government. He told CNBC that this level of involvement makes the market completely different from what we saw in twenty twenty one.

The launch of many Bitcoin ETFs is a big part of this change. Real world assets are also being added to blockchain systems. Stablecoins have already passed two hundred fifty billion dollars in circulation and could cross one trillion dollars by twenty thirty. Hoskinson says all this money and credibility is creating a stronger and more stable crypto market that will not stay down for long periods like before.

He also believes crypto is going to play a huge role in global business. He says the world needs a safe and neutral space for trade especially as tensions grow between major countries. In his view blockchains are not just about financial assets. They can support social networks artificial intelligence supply chains and even medical records.

Crypto already has more than five hundred fifty million users and could reach one billion. Hoskinson thinks this technology is quietly rebuilding the systems that society runs on. He says that real utility will support long term value and push Bitcoin much higher than it is today.

There is still volatility. Technical signals like the death cross suggest caution. But historical trends and signs that the macro environment is calming such as the end of the forty three day US government shutdown hint at a recovery. Stablecoin reserves compared to Bitcoin’s market value are also at levels that usually show money is ready to flow back in.

As institutional confidence grows and the economic headwinds ease heading into twenty twenty six Hoskinson believes these positive forces will push Bitcoin toward that two hundred fifty thousand dollar target.