With Bitcoin trading above $117,000 and volumes topping $100 billion daily, Cardano founder Charles Hoskinson has once again forecasted a $250,000 price target for BTC. He sees the upcoming “Crypto Week” in the U.S., beginning July 14, as an epic moment for the industry.
Meanwhile, Crypto markets are buzzing with fresh energy as total capitalization surged past $3.65 trillion, marking a solid 5.24% gain in just 24 hours. Trading activity is booming too, with volumes jumping over 47% to hit $208 billion, a clear sign that buyers are back in force. Despite the Fear & Greed Index sitting at a steady 67, market momentum is tipping in favor of the bulls.
Calling the next phase a “gigachad bull run,” Hoskinson believes regulatory clarity from two major bills, the GENIUS Stablecoin Act and the CLARITY Act, could ignite a new wave of capital inflow. These bills aim to create a comprehensive federal framework for stablecoins and digital asset regulation. If passed, they could finally end the turf war between the SEC and CFTC and give crypto companies a clear legal path forward.
Hoskinson sees this as a gateway for institutional adoption, with trillions in capital waiting on the sidelines. President Donald Trump has already expressed support, and the GENIUS Act has passed the Senate majority. Now, eyes are on the House.
At the same time, the macro backdrop is aligning with crypto’s rise. The U.S. dollar is weakening despite no rate cuts, with national debt now approaching $41.1 trillion. Investor trust in Fiat is eroding, and figures like Elon Musk are leaning toward Bitcoin as an alternative store of value. Musk’s recent comments on Bitcoin as the future of money further reflect this growing sentiment.
Hoskinson’s renewed confidence in the $250K target is echoed by others. Analysts point to over $7 trillion in money market funds, suggesting this capital could pivot to scarce assets like Bitcoin. Joe Burnett even sees BTC hitting $1 million by 2030, while ARK Invest projects a wide range from $500,000 to $2.4 million.
As legislative clarity nears, voices from Coinbase to Ripple agree that regulation will be the launchpad for crypto’s next big phase. With “Crypto Week” just days away, Bitcoin’s bullish case is stronger than ever.
The U.S. House of Representatives has designated July 14-18 as “Crypto Week.” During this period, lawmakers are expected to vote on key bills like the GENIUS Stablecoin Act and the CLARITY Act, aiming to establish a comprehensive federal framework for stablecoins and digital asset regulation.
These two major bills aim to provide regulatory clarity for stablecoins and digital assets, respectively. If passed, they could end the SEC-CFTC turf war, offering crypto companies a clear legal path. Hoskinson believes this will be a gateway for trillions in institutional capital to enter the market.
A weakening U.S. dollar, despite no rate cuts, and rising national debt are eroding investor trust in fiat currency. This macro backdrop, coupled with figures like Elon Musk advocating for Bitcoin as an alternative store of value, makes scarce assets like BTC more appealing.
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