- Cardano’s Hoskinson predicts Bitcoin reaching $1 million.
- Dismisses Peter Schiff’s pessimistic Bitcoin views.
- Community debates highlight belief in Bitcoin value.
Cardano founder Charles Hoskinson predicted Bitcoin could reach $1 million, countering Peter Schiff’s bearish outlook on October 29, 2025, on X (Twitter).
This prediction underscores ongoing debates about Bitcoin’s value, influencing institutional sentiment and potential regulatory shifts, although direct market impacts remain unverified.
Hoskinson’s Bold Prediction
Cardano founder Charles Hoskinson has predicted that Bitcoin could reach $1 million, challenging bearish views from Peter Schiff. Hoskinson criticized Schiff’s repeated incorrect forecasts about Bitcoin prices, emphasizing historical inaccuracies in his predictions.
“Peter continues to be wrong and utterly irrelevant. He was wrong at 100 dollar bitcoin. He was wrong at 1000 dollar bitcoin. He was wrong at 10,000 dollar bitcoin. He is wrong at 100,000 dollar bitcoin. He will be wrong at million dollar bitcoin.”
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Peter Schiff, known for his skepticism towards Bitcoin, labeled it a “speculative asset” compared to “digital gold.” In response, Hoskinson asserted the enduring value of Bitcoin, highlighting its growth against Schiff’s past predictions.
Cryptocurrency Community Reactions
The prediction has stirred conversations within financial and cryptocurrency circles, with influential figures like Michael Saylor endorsing Bitcoin’s recognition as a treasury asset. Institutional attitudes remain largely positive, even amidst market fluctuations.
Amidst these debates, institutional sentiment and adoption trends upwards. Eric Ciotti from France proposed a national Bitcoin reserve, aligning with the increasing institutional advocacy for cryptocurrency’s role in the economy.
The Future of Bitcoin
The ongoing discussions highlight differing perspectives on Bitcoin’s future value and its role in financial markets. Despite divided opinions, macro-level analyses suggest a steady rise in institutional interest and potential economic adjustments toward digital assets.
Historically, such predictions have fueled community enthusiasm, even without immediate on-chain changes. Historical trends indicate speculative peaks around such forecasts, with ongoing conversations in the community serving as a reflection of broader market confidence in Bitcoin’s potential value.
