Crypto analysts and investors believe that the recent Bitcoin price bull run could resume if the House passes the GENIUS Act today. In an X post, Crypto Rover, a popular analyst, predicted that the coin would ultimately jump to over $150,000 if this happens.
He argues that BTC price has historically jumped after major events, including Donald Trump’s election, and the recently passed Big Beautiful Bill. As such, he sees the GENIUS Act as the other catalyst for the coin.
Other analysts have recently pushed forward their Bitcoin price forecasts. BlackRock anticipates it will rise to over $700,000 over time, while Ark Invest expects it to reach $2.4 million in the long term. This week, analysts at Bernstein and TD Cowen also pushed bullish outlooks.
There are odds that the House will pass the GENIUS Act today. In a statement on Tuesday, Trump said that he had met with 11 of the 12 Congressmen who voted against the bill and that they had agreed to support it.