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Cardano founder Charles Hoskinson, who is not usually known for making crypto price predictions, has stated that he expects to see "trillions" in altcoin investments. He has reiterated that Bitcoin is on track to soar to $250,000.
Earlier, the crypto mogul predicted that Bitcoin could reach the aforementioned price milestone by early 2026.
His most recent post comes amid Bitcoin's relentless price rally that pushed the leading cryptocurrency to a series of record highs over the past two days.
His prediction has been accompanied by a famous GIF from Jurassic Park (1993), with Jeff Goldblum expressing exaggerated excitement.
Earlier this Friday, the top coin surpassed the $118,000 level for the first time in history, reaching a record peak of $118,195, according to CoinGecko data.
Several major altcoins are also making substantial moves, with Cardano (ADA) soaring by nearly 13% over the past 24 hours. Ethereum (ETH) and XRP are also up by 8.5% and 7.1%, respectively.
The entire cryptocurrency market cap has now topped $3.75 trillion, with Bitcoin alone accounting for 62.6% of it.
Main catalyst
According to Hoskinson, the GENIUS Act and CLARITY Act, two major cryptocurrency-focused legislative proposals, will serve as the main catalyst for the next bull run.
The GENIUS Act, which aims to regulate the stablecoin sector, passed the Senate last month. It will now be considered during the upcoming "Crypto Week" in the House alongside the CLARITY Act, the broader crypto market structure bill.
Dan Burgin
Vladislav Sopov
U.Today Editorial Team