based on materials from the site - By CoinPedia News
In conditions where Bitcoin is trading above $117,000 and daily trading volumes exceed $100 billion, Cardano founder Charles Hoskinson once again forecasts a price target for BTC at $250,000. He considers the upcoming 'Crypto Week' in the USA, starting on July 14, a significant moment for the industry.
Meanwhile, the cryptocurrency markets are bubbling with new energy: the total market capitalization has exceeded $3.65 trillion, representing a solid growth of 5.24% in just 24 hours. Trading activity is also increasing: trading volumes have risen by more than 47%, reaching $208 billion, which is a clear sign of buyers returning. Despite the fear and greed index consistently holding at 67, the market momentum leans in favor of the bulls.
Calling the next phase a 'gigachad bull run', Hoskinson believes that the clarity of regulation provided by two important bills, the GENIUS Stablecoin Act and the CLARITY Act, could spark a new wave of capital inflow. These bills aim to create a comprehensive federal regulatory framework for stablecoins and digital assets. The adoption of these bills could finally put an end to the struggle for influence between the Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC) and provide crypto companies with a clear legal pathway for development.
Hoskinson sees this as an opportunity for institutional acceptance, while trillions of capital remain in the shadows. President Donald Trump has already expressed support, and the GENIUS Act has passed by a majority in the Senate. Now, attention is focused on the House of Representatives.
At the same time, the macroeconomic situation favors the growth of cryptocurrencies. The US dollar is weakening despite the absence of interest rate cuts, and national debt is approaching $41.1 trillion. Investor confidence in fiat money is declining, and figures like Elon Musk are leaning towards Bitcoin as an alternative store of value. Musk's recent statements about Bitcoin as the future of money further confirm these growing sentiments.
Trillions are waiting to enter the market
Hoskinson's renewed confidence in achieving the $250,000 target is shared by other analysts. Analysts point to more than $7 trillion in money market funds, suggesting that this capital could flow into scarce assets like Bitcoin. Joe Burnett even predicts that by 2030, the price of Bitcoin will reach $1 million, while ARK Invest forecasts a wide range from $500,000 to $2.4 million.
As clarity in legislation approaches, opinions from Coinbase to Ripple converge on the view that regulation will be the launchpad for the next important stage in the development of cryptocurrencies. 'Crypto Week' is just around the corner, and optimistic forecasts regarding Bitcoin are stronger than ever.
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