Hoskinson Sees $250K BTC as Two U.S. Crypto Laws Gain Momentum
Charles Hoskinson, founder of Cardano, has reiterated his bold prediction that Bitcoin could reach $250,000, citing US crypto regulations...
Quick overview
- Charles Hoskinson predicts Bitcoin could reach $250,000, driven by upcoming US crypto regulations.
- Bitcoin has recently surged 5% to an all-time high of $117,200, with increased market activity.
- The GENIUS Stablecoin Act and CLARITY Act aim to clarify crypto regulations and boost institutional investment.
- Strong political support for these bills could lead to significant changes in the crypto landscape.
Charles Hoskinson, founder of Cardano, has reiterated his bold prediction that Bitcoin could reach $250,000, citing US crypto regulations as the main catalyst. With Bitcoin up 5% to a new all-time high of $117,200, attention is now focused on two key bills—the GENIUS Stablecoin Act and the CLARITY Act—set to move in the US House during so-called “Crypto Week” starting July 14.
According to Hoskinson, these bills will unlock institutional capital on a scale he calls a “gigachad bull run”. He said these will eliminate the legal grey areas in the crypto space and allow broader investor participation.
“Once the Fed lowers interest rates, you’ll have fast, cheap money pouring into crypto,” Hoskinson said in April when he first made the $250K prediction.
GENIUS and CLARITY Acts Explained
The GENIUS Stablecoin Act and CLARITY Act will redefine US crypto policy:
- GENIUS Act: Creates a standardized legal framework for stablecoins, auditability and reserve backing.
- CLARITY Act: Clarifies jurisdictional boundaries between the SEC and CFTC, eliminates regulatory ambiguity.
These bills will create a secure and transparent environment for crypto companies and investors. The GENIUS Act passed the Senate and is waiting for a House vote. Former President Donald Trump has said he will sign it into law if passed, so there is strong political support for pro-crypto regulation.
Crypto Markets
The prospect of these two bills moving during Crypto Week has the market buzzing. Bitcoin’s daily volume is up 70% and over $100 billion, a sign of increasing investor confidence.
Crypto leaders like Brad Garlinghouse (Ripple) and Brian Armstrong (Coinbase) have been pushing for clearer regulation for years. With more legal clarity, institutional players like pension funds and hedge funds will be more likely to allocate capital to digital assets.
Key Takeaways:
- Bitcoin up 5% to $117,200.
- Hoskinson says BTC can hit $250K in 12-24 months.
- GENIUS and CLARITY Acts will change the regulatory landscape.
- Institutional adoption will increase post legislation.
If it goes up 100% it’s $5T and could surpass Nvidia and be the 2nd largest asset in the world behind gold.
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