Bitcoin has been on a massive rise, surpassing $118,000, and experts, including Charles Hoskinson, anticipate further gains.
Bitcoin's Surge Towards New Highs
Since the evening of July 9, Bitcoin has shown significant growth, reaching over $118,000. Experts are expecting this trend to continue.
Charles Hoskinson's Predictions
Cardano founder Charles Hoskinson has once again stated his prediction for Bitcoin to reach $250,000 as a result of an upcoming 'gigachad bull run.' He emphasized that this price increase will be linked to the approval of two important bills.
The Importance of New Legislation for the Crypto Market
Hoskinson noted that the passage of the GENIUS Stablecoin Act and the CLARITY Act would help create a clear federal framework for regulating stablecoins and digital assets. This could end the rivalry between the SEC and CFTC and provide cryptocurrency companies with a clear legal path. He also highlighted that this would lead to increased institutional investment and bring in trillions of dollars that are currently sidelined.
Charles Hoskinson's predictions and the rise of Bitcoin emphasize the significant changes in legislation that could have a profound impact on the future of the cryptocurrency market.
