Cardano founder Charles Hoskinson believes Bitcoin’s potential surge to $250,000 might speed up due to proposed legislation, including the GENIUS Stablecoin Act and the Digital Asset Market Structure (CLARITY) Act, which are up for a House vote during “Crypto Week” starting July 14. Currently, Bitcoin’s price has risen 5% to $117,200, with its daily trading volume jumping 70% to over $100 billion.
Cardano founder Charles Hoskinson has once again reminded us of his $250K Bitcoin price prediction, as the asset hits fresh all-time highs, moving into the price discovery zone. Hoskinson also added that with the upcoming U.S. regulatory clarity, a “gigachad bull run” is on the horizon.
Earlier in April, Hoskinson shared his BTC target of $250K citing rising institutional stablecoin adoption, growing demand for BTC Treasury, and expectations of Fed rate cuts. “Once the Fed lowers interest rates, you’ll have a lot of fast, cheap money, and then it’ll pour into crypto,” he said.
In his recent message on the X platform, Hoskinson wrote that the forthcoming GENIUS and CLARITY Acts, could prove to be potential catalysts for this explosive growth. According to him, these regulatory milestones will help unlock significant institutional capital, paving the way for the next major phase in crypto adoption.
Earlier this year, Charles Hoskinson stated that BTC price could rally to $250K with 12 to 24 months. With another 100% rally in sight, BTC could reach close to $5 trillion market cap, challenging giants like Nvidia and potentially becoming the second largest global asset, after Gold.
Two of the most awaited bills by the crypto community are scheduled to get a major boost during the Crypto Week starting July 14. Next week, the U.S. Senate is expected to unveil the draft of the Digital Asset Market Clarity (CLARITY) Act, a key legislative proposal designed to bring much-needed regulatory certainty to the crypto industry.
The bill aims to clearly delineate the regulatory responsibilities for US SEC and US CFTC, and thus reduce legal anomalies. By establishing a more stable and transparent framework, the CLARITY Act seeks to foster a more secure environment for digital asset businesses and investors alike.
The GENIUS Stablecoin Act will also be on the radar during Crypto Week. After securing the Senate majority last month, the bill is waiting for approval from the House. US President Donald Trump has vowed to soon sign it into law following the House’s approval.
Bitcoin and the broader crypto market are showing optimism around the passing of these acts following the House vote next week. Crypto industry veterans like Ripple CEO Brad Garlinghouse and Coinbase CEO Brian Armstrong have been pushing for greater regulatory clarity. This could lead to stronger institutional adoption of crypto in the coming months.
Strategy recently raised its capital once again with MSTR stock ATM sales while also buying…
The U.S. Federal Reserve's first FOMC meeting under new Fed Chair Kevin Warsh is coming…
AI firm Anthropic has released the public version of its Mythos AI model, 'Claude Fable.'…
Crypto firm Paradigm has sent a comment letter to the U.S. Federal Deposit Insurance Corporation…
Kalshi prediction market applied for Hyperliquid (HYPE) perpetual futures, expanding the list beyond altcoins such…
Patrick Witt, the White House's crypto policy adviser, expressed his backing of a fresh digital…