Cardano founder Charles Hoskinson has reaffirmed his prediction that Bitcoin is poised for a major rally to $250,000, identifying key legislative advancements in the United States as the primary catalyst. The industry veteran also anticipates a massive influx of capital, projecting that “trillions” will flow into the altcoin market.
In a recent social media post, Hoskinson expressed his bullish outlook, stating, “Remember I said the gigachad bullrun is coming. We are going to see 250k bitcoin and trillions enter the space for the alts.” He specifically cited the GENIUS and Clarity Acts as the legislative triggers for this anticipated market expansion.
The prediction comes amid a broader market rally that has seen significant gains across major cryptocurrencies, pushing the total digital asset market capitalization higher.
The legislative progress Hoskinson referred to includes two significant bills. The U.S. Senate recently passed the GENIUS Act, which establishes a regulatory framework for issuing and trading stablecoins. Concurrently, the House Financial Services and Agriculture Committees have advanced the CLARITY Act. This bill aims to create precise rules for the crypto industry by defining the roles of the Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC), while also including provisions for consumer protection and self-custody rights.
This forecast is consistent with previous statements from Hoskinson. He has previously projected that Bitcoin could reach the $250,000 mark by late 2025 or 2026, suggesting that the entry of major technology corporations into the cryptocurrency space would serve as another significant growth driver.
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