Cardano founder Charles Hoskinson said that Bitcoin’s road to $250K could accelerate soon with the GENIUS Stablecoin Act and the Digital Asset Market Structure aka CLARITY Act, proceeding for the House vote during the “Crypto Week” starting July 14. His comments come as BTC price gains another 5% to $117,200 levels, with daily trading volume surging 70% to over $100 billion.
Cardano Founder Reminds of $250K Bitcoin Target
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.
Crypto Week: GENIUS And CLARITY Act to Proceed for House Vote
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.
Bhushan Akolkar
Bhushan is a seasoned crypto writer with over eight years of experience spanning more than 10,000 contributions across multiple platforms like CoinGape, CoinSpeaker, Bitcoinist, Crypto News Flash, and others. Being a Fintech enthusiast, he loves reporting across Crypto, Blockchain, DeFi, Global Macros with a keen understanding in financial markets.
He is committed to continuous learning and stays motivated by sharing the knowledge he acquires. In his free time, Bhushan enjoys reading thriller fiction novels and occasionally explores his culinary skills.
Bhushan has a bachelors degree in electronics engineering, however, his interest in finance and economics drives him to crypto and blockchain.
Investment disclaimer: The content reflects the author’s personal views and current market conditions. Please conduct your own research before investing in cryptocurrencies, as neither the author nor the publication is responsible for any financial losses.
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