Charles Hoskinson, the man behind Cardano and a wizard of the blockchain realm, has thrown a prediction into the crypto cauldron: Bitcoin could soar to a staggering $250,000 by the end of this year or, if the stars align, by 2026. This bold proclamation comes as the crypto market dusts itself off from recent lows, partly thanks to the chaos stirred by former U.S. President Donald Trump’s trade tariffs and the ever-present specter of global economic doom. 🎩✨
Bitcoin and the Tech Titans’ Love Affair
According to CNBC, Hoskinson reckons that the growing flirtation between Bitcoin and tech giants like Apple Inc (NASDAQ: AAPL) and Microsoft Corp (NASDAQ: MSFT) could be the rocket fuel needed to propel Bitcoin to new heights. 🚀💻
Hoskinson, ever the optimist, believes that some of the biggest names in tech are now dabbling in stablecoins. These firms, part of the so-called “Magnificent 7,” are reportedly exploring stablecoins for cross-border payments and even paying employees in far-flung corners of the globe. 🌍💸
The Cardano founder also touched on the new digital asset regulations wending their way through the labyrinthine halls of the U.S. Congress. One such piece of legislation is the Digital Asset Market Structure and Investor Protection Act, which aims to bring some much-needed clarity to the wild west of digital assets. 🤠📜
A stablecoin bill is also in the works, expected to set guidelines for how these dollar-pegged tokens are backed and managed. If passed, Hoskinson believes these laws could encourage more adoption by major firms, especially those in the tech industry. 💼📈
The number of people holding digital currencies continues to grow, with recent data showing that global crypto ownership reached 560 million users in 2024. 🌐📊
Hoskinson noted that with more people entering the space and a clearer legal framework on the horizon, confidence in the market is likely to grow. An earlier report also points to a bullish outlook for Bitcoin, with analysts predicting a $200,000 bounce based on the Mayer Multiple indicator. 🐂📉
Global Tensions: The Unlikely Catalyst for Bitcoin’s Rise
Hoskinson also linked Bitcoin’s future to broader global events, suggesting that the world is moving away from traditional international agreements and shifting toward conflict between major powers. 🌍⚔️
He argued that cryptocurrencies offer a unique solution for global trade and financial exchange, especially when trust in international institutions is as low as a snake’s belly. 🐍💔
The recent actions by former U.S. President Donald Trump to temporarily reduce tariffs to 10% have also played a role. After Trump eased tariffs for a 90-day window to allow negotiations, Bitcoin price briefly spiked above $82,000, recovering from its new drop below $76,791. 🎢💹
Meanwhile, former BitMEX CEO Arthur Hayes stated that China may catalyze Bitcoin price breakout if the US Federal Reserve does not act in BTC’s favor. He noted that past yuan devaluations have often led to increased Chinese capital flowing into crypto markets. 🐉💰
It is also worth noting that the Bitcoin market is still well below its recent high of over $100,000. Even so, Hoskinson believes the situation will change. He thinks interest rates will eventually come down, making borrowing cheaper and encouraging fresh investment in crypto. 📉💸
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- tag, not repeated as a header. They want all images retained and no tags or color styles. First, I’ll start with the title. The original title is “Hyperliquid Price Reversal, Will Bears Drag HYPE Down to $35?” I need to make it more clickbaity and Terry Pratchett-esque. Maybe something like “Hyperliquid’s Great HYPE-Drama: Bulls vs. Bears in a Deathwobble of Doom 🐂🐻💸” That’s under 100 characters? Let me check: “Hyperliquid’s Great HYPE-Drama: Bulls vs. Bears in a Deathwobble of Doom 🐂🐻💸” – yes, 97 characters. Good. Next, the body. The first paragraph talks about the rollercoaster week with whale activity and liquidations. Terry would probably compare it to something absurd. Maybe a “rollercoaster” isn’t enough. Maybe “the Hyperliquid rollercoaster took a detour through a black hole” or something. Also, mention the whale trader with a humorous twist. Maybe “a certain whale with a penchant for drama and a balance sheet thicker than a fantasy novel” to add that Pratchett flair. The second paragraph about the $19 billion event. Maybe refer to it as “the Great Liquidation of Doom” or something. “fresh on the backdrop” could be “fresh from the annals of ‘Oh My Goodness, Not Again'” to add humor. In the price analysis section, the 8% drop. Terry might compare it to a “graceful swan dive into a puddle of despair.” The market cap and volume up 4.22%-maybe “panic selling and algorithmic trades are having a party where the only music is the sound of wallets sobbing.” The technicals part: slipped below SMA lines. Maybe “HYPE decided to play ‘hot potato’ with its moving averages.” MACD and RSI-describe them as “momentum indicators are throwing a hissy fit” and RSI “hovering near 41 like a nervous pigeon.” The FAQs need to be rewritten with sarcasm. “Why is Hyperliquid underperforming?” could be phrased as “Why is Hyperliquid underperforming? Well, let’s see. It’s like asking why a duck is bad at chess…” Then mention the technical breakdowns and whale shorts as “a perfect storm of technical breakdowns and whale-sized shorts.” Next support level: “The $33-$35 range is the next critical support zone…” Maybe “the $33-$35 range is where hopes go to be gently soothed by Fibonacci fairy dust.” Recovery question: “HYPE needs a sustained close above $41.42…” Maybe “HYPE needs to do the equivalent of a sober caber toss over $41.42.” Throughout, add emojis where appropriate. For example, after mentioning whales, add 🐋💸. In the FAQs, maybe 💩 for the underperforming question. Check for all images retained. The figure tag is there, so leave it as is. Avoid using tags, no color styles. Ensure the title is only in the tag and not as a header. The original had H2 headers, so keep those but maybe tweak the text to be more whimsical. Like “Hyperliquid Price Analysis” becomes “Hyperliquid Price Analysis (Or: The Day the HYPE Died?)” Wait, but the user said not to repeat the title in the body as a header. The original title was “Hyperliquid Price Reversal, Will Bears Drag HYPE Down to $35?” but the new title is different. So the H2 headers should be original, so the first H2 can stay as “Hyperliquid Price Analysis” but maybe add some humor there. Alternatively, maybe “Hyperliquid’s Great Adventure in the Land of Red Arrows” or something. But need to make sure it’s not the same as the title. Also, ensure that the humor is consistent throughout, with a bit of sarcasm and playful language. Avoid markdown, just HTML. Check for any tags and remove them. Use , , , etc., as in the original. Finally, wrap it all in HTML structure with the new title, and ensure emojis are appropriately placed without overdoing it. Let me go through each section step by step and inject the humor, sarcasm, and emojis as per Terry Pratchett’s style.End of Thought (23.26s) Hyperliquid’s Great HYPE-Drama: Bulls vs. Bears in a Deathwobble of Doom 🐂🐻💸
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2025-04-10 19:08