Clear regulations boost the bull run, Cardano founder reiterates that Bitcoin will rise to $250,000.

Bitcoin is expected to break through $250,000, with clear regulations supporting the bull run

Charles Hoskinson, the founder of Cardano, recently reiterated his prediction that the price of Bitcoin (BTC) will reach $250K. He stated that the upward trend of Bitcoin may accelerate as the U.S. is about to pass the GENIUS stablecoin bill and the digital asset market structure (CLARITY) bill. These bills are expected to enter the House voting stage during the "Crypto Week" starting on July 14.

After the price of Bitcoin rose again by 5%, breaking $117,200, trading volume surged by 70%, exceeding $100 billion. Hoskinson expressed optimism about the future price trend of BTC. He believes that regulatory clarity in the United States will act as a catalyst for the next massive bull run of Bitcoin.

Hoskinson mentioned the Bitcoin target of $250,000

Charles Hoskinson once again mentioned his prediction of a Bitcoin price of $250,000. With BTC prices hitting all-time highs and entering the price discovery phase, Hoskinson emphasized that he expects U.S. regulatory policies to bring greater institutional capital inflow to the Bitcoin market, thereby driving the next phase of Bitcoin's surge.

Back in April this year, Hoskinson mentioned that Bitcoin's target of $250,000 is related to the increase in institutional stablecoin adoption, the growth in demand for Bitcoin treasury, and expectations that the Federal Reserve (Fed) may cut interest rates. He pointed out: "Once the Federal Reserve lowers interest rates, the market will welcome a large influx of cheap capital, which will quickly flow into the crypto market."

GENIUS and CLARITY bills boost market outlook

According to Hoskinson, the upcoming GENIUS stablecoin bill and the CLARITY bill may become key factors driving explosive growth in Bitcoin and the crypto market. The passage of these bills will bring a clearer regulatory framework to the crypto market, unlocking a significant amount of institutional capital and further promoting the maturation of the crypto market.

Bitcoin market cap may approach $5 trillion

Charles Hoskinson also stated that the price of Bitcoin could see a 100% increase in the next 12 to 24 months, which would push Bitcoin's market cap close to $5 trillion, and it might even surpass giants like Nvidia, becoming the second-largest asset in the world, second only to gold.

Crypto Week: The GENIUS Act and CLARITY Act will enter the House voting stage

The two most anticipated bills in the crypto industry—the GENIUS Stablecoin Bill and the CLARITY Bill—will see significant progress during the "Crypto Week" starting on July 14. Next week, the U.S. Senate is expected to unveil a draft of the Digital Asset Market Structure (CLARITY) Bill, a legislative proposal aimed at bringing much-needed regulatory clarity to the crypto industry.

The CLARITY Act aims to clearly delineate the regulatory responsibilities of the U.S. Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC) in the crypto market, thereby reducing legal gray areas. The Act is committed to providing a safer environment for digital asset businesses and investors by establishing a more stable and transparent regulatory framework.

Meanwhile, the GENIUS stablecoin bill will also receive significant attention during the crypto week. The bill gained majority support in the Senate last month and is currently awaiting approval from the House of Representatives. U.S. President Donald Trump stated that once the bill passes the House, it will be quickly signed into law.

The crypto market is confident about the bill's passage

With the progress of these two bills, the entire crypto market is full of confidence in their passage. Crypto industry leaders such as Ripple CEO Brad Garlinghouse and CEX CEO Brian Armstrong have also been pushing for clearer regulations in the crypto industry. These bills are expected to pave the way for institutional adoption of crypto assets, and institutional capital is expected to flow further into the crypto market in the coming months.