Bitcoin (BTC) has been on a massive surge since the evening of July 9. With the price climbing above $118,000, further gains are expected.
At this point, a prediction came from Cardano (ADA) founder Charles Hoskinson.
After Bitcoin broke new records, Charles Hoskinson once again predicted a $250,000 price target for BTC.
Bitcoin Bull Target!
Stating that a bigger bull run is ahead of us and calling the next phase a “gigachad bull run,” Charles Hoskinson claimed that Bitcoin could reach $250,000.
The Cardano founder claimed that Bitcoin’s rise will be driven by the approval of two important bills: the GENIUS Stablecoin Act and the CLARITY Act.
These bills aim to create a comprehensive federal framework for stablecoin and digital asset regulation. If passed, these bills could finally end the rivalry between the SEC and CFTC and provide cryptocurrency companies with a clear legal path forward.
Hoskinson said that creating a clear legal framework for the cryptocurrency sector will increase institutional adoption and bring trillions of capital that have been sitting on the sidelines into Bitcoin and altcoins.
“I said the Gigachad bull run is coming. We will see 250k Bitcoin and trillions of dollars entering the altcoin space. Genius and Clarity’s actions will be the catalyst.”
*This is not investment advice.