Exchange Ranking
Top Exchanges
24h Volume Ranking
Popularity Ranking
Exchange BTC Balance
Proof of Reserves
Decentralized Exchanges
Funding Rate
Funding Heatmap
Liquidation Data
Max Pain
Long/Short Ratio
Whale L/S Ratio
Binance/Okex/Huobi L/S
Bitfinex Margin L/S
ETF Tracker
Solana ETF
XRP ETF
Hong Kong ETF
Bitcoin Treasuries
Crypto Reversal
Ethereum Reserves
HyperLiquid Wallet Analysis
Hyperliquid Whale Watch
Large Transactions
On-chain Movement
Bitcoin ROI
Stablecoin Market Cap
Options Analysis
News
Articles
Economic Calendar
Features
Wallet
Contract Calculator
Security
Collections
Watchlist
Following
ADA 
BTC 
ETH 
SOL Charles Hoskinson: The market will still need three to six months of pressure, but Charles Hoskinson, CEO and founder of Input Output, is bullish on
, said that cryptocurrency prices may need to endure three to six months of pressure to keep up with the pace of technological progress in the industry. However, he remains optimistic about the long-term outlook, believing that the next major cycle will be driven by real-world assets, Web 2.5 infrastructure, regulation and billions of new users.
Why prices are still lagging behind
Hoskinson pointed out that the current market conditions are similar to the late bear market. The cryptocurrency Fear and Greed Index is about 24, while the Bitcoin ETF, despite managing about $80 billion in assets, recorded a net outflow of about $4.5 billion.
He said: "Now is actually a good buying opportunity." He also pointed out that cryptocurrencies have experienced wars, geopolitical shocks and major regulatory incidents. However, he believes the next round of recovery cannot rely on the old "faster blockchain" narrative, and the industry is moving towards a broader Web 2.5 model.
The next wave of growth
Hoskinson cited Canton, Ripple, Circle, Tether and Binance as examples, pointing out that these regulated companies are connecting traditional businesses with blockchain technology. He said this model could usher in the next wave of mass adoption, as real-world assets will go online. Over the next three to five years, more than $10 trillion in real-world assets may enter the ecosystem and bring 1 billion to 2 billion new users.
Hoskinson believes that focusing solely on throughput and final certainty is irrelevant, and future infrastructure must also address issues such as compliance, legal contracts, jurisdiction changes, upgrades, and consumer security.
Scenario 1: The passage of the CLARITY Act
This transformation may receive a significant boost from regulation. "The key issue is whether the clarity bill can pass." Hoskinson said. If the CLARITY bill is passed, he expects capital inflows and a sharp rebound in the market. But he also warned that the initial rise may not last. "It's like putting a lot of sugar on a kid," he said, suggesting that the market could surge first and then a "dead cat rally."
Scenario 2: Recovery encounters new risks
The market value of cryptocurrencies has fallen by about 50% from a peak of US$4.4 trillion to about US$2.2 trillion. Hoskinson said potential capital in the future could reach US$10 trillion or more, leaving room for a significant recovery. "It is inevitable that the market will not only return to historical highs, but the overall market will also improve." However, the biggest short-term risks may come from artificial intelligence. A major AI bubble burst could trigger a deep recession and hit cryptocurrencies, while the continued development of AI could help digital assets gradually decouple from technology stocks over the next 24 to 36 months.
Real competition
Hoskinson further pointed out that the real competition is no longer simply Ethereum versus Solana, or Cardano versus a certain blockchain. Large institutions such as Google and JPMorgan Chase are quietly entering the game. He believes the challenge is whether cryptocurrencies can grow while maintaining their own principles, rather than just becoming another version of Wall Street.
Overall, Hoskinson remains optimistic, but expects the next six to twelve months to remain difficult. He firmly believes that the next cryptocurrency cycle will ultimately be driven by regulation, real-world assets, billions of new users, and infrastructure that connects traditional finance with decentralized technologies.
