$BTC With Bitcoin trading above the $117,000 level and daily trading volumes rising to over $100 billion, Charles Hoskinson, the founder of Cardano, renewed his prediction that Bitcoin could reach $250,000 in the near future.

Hoskinson added that the "Crypto Week" launching in the United States on July 14 represents a pivotal turning point in the history of this sector, especially in light of rapid legislative movements.

Hoskinson sees what he described as a "Gigachad recovery" has begun, pointing to the importance of the GENIUS stablecoin bills and the CLARITY Act in pushing the digital currency sector towards clear regulatory horizons.

Both projects aim to establish a comprehensive federal framework for regulating digital currencies and may help resolve the legal battle between the U.S. Securities and Exchange Commission and the Commodity Futures Trading Commission, paving the way for a wave of new institutional inflows into the Bitcoin market.