 
 
Cardano founder Charles Hoskinson has reiterated his long-held bullish prediction on Bitcoin, while arguing that the next leg higher for BTC could set the stage for an altcoin rebound.
Hoskinson stated that he believes Bitcoin will reach a new all-time high, adding that such a move would likely trigger value leakage from Bitcoin into altcoins, including ADA.
The IOHK founder described Bitcoin as the primary engine of crypto market cycles, noting that when BTC establishes new highs, capital usually rotates outwards as investors seek higher beta opportunities.
Moreover, Hoskinson pointed to the 2021 bull run as a clear precedent, when Bitcoin’s surge to roughly $68,000 coincided with explosive gains across major altcoins.
According to Cardano’s co-founder, this rotation from Bitcoin into altcoins is not an anomaly but a recurring structural feature of crypto markets. However, he cautioned that the current cycle is still in its early stages and may not unfold at the same pace as previous rallies.
 
While a Bitcoin breakout could support altcoin prices, Hoskinson stressed that the scale and timing of those gains are uncertain, reiterating a bold, longer-term forecast of up to a 187% increase to $250,000 by mid-2026.
Hoskinson argued that growth would almost certainly sponsor capital flow into altcoins.
Other market participants support this view. One analyst pointed to similarities between current altcoin structures and the so-called Millionaire Maker pattern from 2021.
Nevertheless, indicators like CoinMarketCap’s altcoin season index suggest Bitcoin is in control. The index sits at 37 out of 100, firmly in Bitcoin season territory despite improving momentum over recent weeks.
Meanwhile, Hoskinson has highlighted Cardano-specific developments that could amplify any altcoin recovery.
The Cardano co-founder recently suggested that integrating Midnight privacy features into leading Cardano dApps could drive user migration from Bitcoin and XRP ecosystems, improve network metrics, and reinforce the long-term bull case for ADA.