Bitcoin (BTC) has been experiencing a massive surge since the evening of July 9th. More profits are expected as prices exceed $118,000.
At this point, we received a prediction from Cardano (ADA) founder Charles Hoskinson.
After Bitcoin broke new records, Charles Hoskinson once again predicted BTC’s $250,000 price target.
Bitcoin Bull Target!
Charles Hoskinson said the bigger bull run was ahead of us and he called the next phase the “gigachad bull run.”
The founder of Cardano argued that the rise in Bitcoin will be driven by approval of two important bills.
These bills aim to create a comprehensive federal framework for Stablecoin and digital asset regulation. If passed, these bills could ultimately end the rivalry between the SEC and the CFTC, and advance the cryptocurrency company on a clear legal path.
Hoskinson said creating a clear legal framework for the cryptocurrency sector will increase in institutional adoption, bringing trillions of capital that have been sitting on the sidelines for Bitcoin and altcoin.
“I said that a Gigacha Do Bull Run is coming. I can see 250k bitcoin and trillions of dollars in the Altcoin space.
*This is not investment advice.
