- Hoskinson, a long-time industry figure, cited the passed GENIUS Act for stablecoins and the advancing CLARITY Act as key drivers.
- He previously forecasted Bitcoin reaching $250,000 by 2025/2026, partly due to potential involvement from major tech firms.
Charles Hoskinson, the founder of Cardano and a long-time figure in cryptocurrencies, maintains his forecast that Bitcoin will reach $250,000. He identifies recent legislative actions in the United States as primary reasons for this anticipated price movement. Hoskinson also expects very large sums of money, termed “trillions,” to flow into alternative cryptocurrencies.
Current market conditions show upward movement
Bitcoin established a new highest price above $118,000 earlier today. Ethereum also climbed back above $3,000. Other major alternative digital assets gained ground; Cardano’s ADA rose about 20% in one day, and XRP increased 16.6%. The total value of all cryptocurrencies surpassed $3.77 trillion.
Hoskinson shared his view on social media platform X (formerly Twitter) on July 11th. He stated:
“We are going to see $250K Bitcoin and trillions enter the space for the alts.”
He accompanied this text with a GIF from the movie Jurassic Park featuring actor Jeff Goldblum. Hoskinson has worked in the cryptocurrency field for over ten years and was involved in Ethereum’s early development.
Remember I said the gigachad bullrun is coming. We are going to see 250k bitcoin and trillions enter the space for the alts. Genius and Clarity acts will be the catalyst. pic.twitter.com/YnCgQDkPjE
— Charles Hoskinson (@IOHK_Charles) July 11, 2025
He specifically named two US legislative efforts as key drivers: the recently passed GENIUS Act, creating rules for stablecoins, and the advancing CLARITY Act, which aims to define regulatory roles and protect users holding their own digital assets. Hoskinson previously predicted Bitcoin hitting $250,000 by late 2025 or 2026, partly due to expected involvement from major technology companies.
Cardano (ADA) is trading at $0.7423 USD, with a strong 13.94% gain in the past 24 hours. This rise marks one of the most notable daily performances for ADA in recent months and comes during a resurgence in activity across Layer 1 blockchains.
With a market capitalization of $26.26 billion and over $2.85 billion in daily volume, Cardano has reclaimed attention as a major player in the smart contract ecosystem.
Additionally, the Cardano Foundation has announced expanded institutional partnerships, including a new pilot project with a European government to explore identity verification on-chain.
This ties into Cardano’s larger vision of solving real-world problems, particularly in emerging economies where the team has previously focused on educational and agricultural initiatives.
