Hoskinson, who is also the founder of Input Output, or IOHK, made his comments before Trump's temporary pause on full-blown reciprocal tariffs.
Hoskinson highlighted a number of reasons that could drive bitcoin to that price.
First, he pointed to there currently being more users of cryptocurrencies. Owners of cryptocurrencies rose 13% year-on-year in 2024 to 659 million people, according to Crypto.com.
Secondly, Hoskinson said that the geopolitical situation is moving from a "rules-based international order to a great powers conflict."