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Jakarta, Pintu News – The crypto market is on the verge of great excitement with the latest prediction from Charles Hoskinson, founder of Cardano (ADA), who said that the price of Bitcoin (BTC) could reach $250,000.
This confidence is supported by new regulatory developments that are expected to bring further stability and clarity to the industry.
Charles Hoskinson emphasized that the two bills that will be decided soon, namely the GENIUS Stablecoin Act and the Digital Asset Market Structure or CLARITY Act, will be the main catalysts for the Bitcoin (BTC) price surge.
Read also: Bitcoin Hits All-Time High at $122,000 Today — What’s Driving This Massive Surge?
According to him, this regulation will open the door for significant institutional capital, which will trigger crypto adoption on a broader level.
With greater regulatory clarity, a safer and more stable environment for investors and digital asset businesses is expected. This will not only boost investor confidence, but also allow more funds to flow into the crypto market.
Earlier, in April, Hoskinson had predicted that Bitcoin (BTC) could reach $250,000 thanks to institutional adoption of stablecoins, growing demand for Bitcoin (BTC) as a treasury asset, and expectations of interest rate cuts by the Federal Reserve.
“When interest rates are lowered, there will be a lot of quick cheap money, and that money will flow into crypto,” Hoskinson said.
Recently, with Bitcoin (BTC) hitting a new record high, Hoskinson reminded us again about his ambitious price target.
He added that with the upcoming regulation, a “gigachad bull run” is highly likely, which will push the price of Bitcoin (BTC) to levels never seen before.
Read also: Bull Run Incoming? 3 Made in USA Cryptos Set to Explode Soon!
With the price of Bitcoin (BTC) currently trading at $122,134 and the daily trading volume reaching $100.18 billion, the market is showing great optimism.
This rise comes as the market looks forward to the passage of the GENIUS Stablecoin Act and the CLARITY Act.
If these two laws are passed, a huge surge in institutional adoption of crypto is expected. This would not only increase the market capitalization of Bitcoin (BTC) but could also challenge the dominance of other global assets such as gold, and even large companies such as Nvidia.
All in all, with all these indications, the future of Bitcoin (BTC) is looking very bright. Regulations favoring growth and wider adoption, along with highly optimistic price predictions from leading figures in the industry, further confirm that we may be on the verge of one of the biggest price rises in crypto history.
That’s the latest information about crypto. Follow us on Google News to stay up-to-date on the world of crypto and blockchain technology.
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*Disclaimer
This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Crypto trading activities have high risk and volatility, always do your own research and use cold cash before investing. All activities of buying and selling bitcoin and other crypto asset investments are the responsibility of the reader.
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