 
 
Industry veteran and founder of the Cardano blockchain, Charles Hoskinson, still believes Bitcoin is poised for an explosive rally to as high as $250,000, citing key legislative moves as a key factor that will spur the rally. Hoskinson also expects to see “trillions” in altcoin investments.
BTC’s Anticipated Wild Run To $250,000
Market activity in recent weeks has already shown signs of strength. Bitcoin hit a new all-time high above $118,000 earlier today, while Ether briefly reclaimed levels above $3,000. Other major altcoins are also enjoying rallies, with Cardano’s ADA soaring by roughly 20% over the last 24 hours, while XRP is also up by 16.6%. The global crypto market cap has now topped $3.77 trillion amid the broader market rally.
As the world’s oldest and largest cryptocurrency inches towards the $120,000 mark, Hoskinson, who has been in the crypto industry for more than a decade and helped co-found the Ethereum blockchain, said in a July 11 post on Twitter (aka X) that he believes “we are going to see $250K Bitcoin and trillions enter the space for the alts.”
Hoskinson captioned a popular GIF from Jurassic Park (1993) with Jeff Goldblum to voice his uber bullish sentiment.
As ZyCrypto reported in April, the crypto executive predicted that Bitcoin could reach $250K by the end of 2025 or 2026 as tech giants such as Microsoft and Apple enter the crypto space. In his latest post, Hoskinson pointed to the GENIUS and Clarity Acts as major catalysts that will help the crypto market.
 
After months of dramatic starts and stops, the US Senate recently passed its first major piece of crypto legislation in the form of the GENIUS Act — a framework for issuing and trading stablecoins.
Meanwhile, the House Financial Services and Agriculture Committees have also both advanced the CLARITY Act — which is a major step toward precise crypto rules that define SEC and CFTC roles, safeguard self-custody, and protect consumers.
Source: https://zycrypto.com/cardano-founder-hoskinson-doubles-down-on-250000-bitcoin-forecast-as-pro-crypto-legislation-advances/