- Hoskinson emphasized that the GENIUS and CLARITY Acts, aimed at providing regulatory clarity in the U.S., could trigger a multi-trillion-dollar inflow into Bitcoin and altcoins.
- Alongside Bitcoin’s breakout, the broader crypto market is gaining strength with Cardano’s ADA surging 20% to $0.7592, and trading volume spiked 154%.
With Bitcoin price hitting fresh all-time highs above $118,000, Cardano CEO Charles Hoskinson has turned ultra bullish, stressing his target of $250,000. Hoskinson first made the prediction in April 2025, around the Trump Liberation Day, which led to major turmoil across the global markets, including crypto. Since then, the BTC price has already rallied more than 55% so far.
Along with Bitcoin, the broader crypto market is showing major strength, led by Ethereum’s 8% upside, supported by XRP and DOGE’s 13% upside.
Charles Hoskinson Doubles Down on His $250K Bitcoin Price Target
Cardano founder Charles Hoskinson has once again reminded his followers about his previous $250K Bitcoin price prediction, amid the strong market euphoria currently. Back in early April 2025, when BTC crashed during the Trump Liberation Day, Hoskinson stated that Bitcoin could bounce back like a compressed spring. He wrote:
“The markets seem hopeless and broken, but the bull market will be spectacular. I still remain confident in 250k Bitcoin within a year alongside a rising tide for everyone else. It’s just going to be a bumpy ride”.
Just as BTC came out of its 6-week-long consolidation with 10% gains on the weekly chart, Hoskinson reminded his followers on X regarding his previous target. “Remember I said the gigachad bullrun is coming,” he wrote. As reported by CNF, BTC is currently trading at an all-time high of $118K.
The Cardano founder stated that Bitcoin could reach $250,000 while trillions of dollars could flow into the altcoin market. According to Hoskinson, two key pieces of U.S. legislation, the GENIUS and CLARITY Acts, will serve as the catalysts for this next major crypto rally.
The proposed bills are aimed at providing clear regulatory frameworks for digital assets and are gaining momentum in the U.S. Congress amid renewed interest in crypto under the Trump administration. Hoskinson has long advocated for regulatory clarity to drive institutional adoption. His latest remarks come as the market anticipates a broader policy shift in Washington that could reshape the global digital asset landscape.
Cardno (ADA) Price Gains 20%
Following Hoskinson’s comment, Cardano’s native cryptocurrency ADA also surged by 20%, and is currently trading at $0.7592, with daily trading volume surging by 154% to more than $2.43 billion. Market analysts believe that this could be the beginning of the new alt season, as menitoned in our earlier post.
Cardano (ADA) is nearing a potentially decisive technical breakout, as the cryptocurrency tests its 50-week Exponential Moving Average (EMA). According to market analysts, the last two times ADA crossed above this EMA, it surged by 212% and 128%, respectively. If similar momentum follows this time, Cardano could be on track to reach the $1.77 mark in the near term.
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