Cardano founder Charles Hoskinson has forecasted that Bitcoin could reach $250,000 by 2026, citing economic fundamentals rather than market hype. Hoskinson points to Bitcoin's limited supply and increasing institutional demand, including interest from Morgan Stanley and various governments, as primary factors driving this potential price surge. While acknowledging that some capital might flow into altcoins, Hoskinson also warns that regulatory risks and the presence of overvalued tech stocks could prevent a rally similar to that of 2021. His analysis suggests a cautious yet optimistic outlook for Bitcoin's future growth.