Workflow
Bitcoin financial derivatives
icon
Search documents
1 Top Cryptocurrency to Buy Before It Soars 177% in 2026, According to Cardano Founder Charles Hoskinson
Yahoo Finance· 2026-01-25 17:35
Group 1 - Bitcoin is currently trading at $90,000, which is nearly 30% below its all-time high of $126,000 from October [1] - Charles Hoskinson, founder of Cardano, predicts Bitcoin could reach $250,000 this year, implying a potential gain of 177% in 11 months [1] - The demand for Bitcoin is significantly increasing, with institutional investors increasing their allocations and new Bitcoin treasury companies acquiring Bitcoin rapidly [2] Group 2 - The total supply of Bitcoin is capped at 21 million coins, with 19.97 million already in circulation, creating significant scarcity [3] - Basic economic theory suggests that if demand for Bitcoin rises while supply remains unchanged, the price should increase substantially [4] - The current market conditions are characterized by rising demand and fixed supply, positioning Bitcoin as a potential high-value asset [7] Group 3 - The introduction of new financial products, including spot Bitcoin ETFs and Bitcoin-linked credit products, is expected to enhance exposure to Bitcoin [6] - These new financial products are designed to reduce the risk and volatility associated with Bitcoin investments, making it more accessible to risk-averse investors [8] - Bitcoin has a historical track record of delivering triple-digit returns since 2012, reinforcing its potential as an investment [7]