Charles Hoskinson Predicts Trillions in Altcoins as Bitcoin Hits $118K
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- Hoskinson expects massive capital inflow into altcoins amid crypto surge.
- Bitcoin reaches $118K as altcoins follow with strong momentum.
- U.S. crypto laws seen as key catalyst for next rally.
Cardano founder Charles Hoskinson has forecasted that trillions of dollars will pour into altcoins, signaling a strong bullish outlook for the broader crypto market. His statement comes as Bitcoin surged to an all-time high of $118,195, according to data from CoinGecko.
According to Hoskinson, Bitcoin is still on track to reach $250,000, a target he previously projected for early 2026. He reiterated this observation a second time when he posted a famous Jeff Goldblum GIF on his social page in response to the continuing rally.
Importantly, the altcoin market is also showing a great bullish outlook. The native token of Cardano, ADA, increased by almost 13 percent during the last 24 hours, indicating a positive signal in investor interest. Ethereum and other significant altcoins followed, with increments of 8.5 percent and 7.1 percent, respectively.
The total market cap of cryptocurrencies has surpassed 3.75 trillion dollars, with Bitcoin owning 62.6 percent of the value. This good performance in the market has buttressed the hopes of investors in altcoins.
Also Read: China May Be Warming Up to Stablecoins as Shanghai Holds Key Meeting
Crypto Legislation Expected to Drive Market Expansion
Hoskinson pointed to upcoming legislative developments in the United States as a major catalyst behind the current growth. He highlighted the GENIUS Act and the CLARITY Act as key pieces of legislation expected to shape the future of digital assets.
A recently enacted Senate bill (the GENIUS Act), targeted at stemming the stablecoin industry, aims to control the amount of money in circulation. It is to be further discussed at the House in a future session that will be known as the Crypto Week.
In the meantime, the CLARITY Act will work to regulate the general structure of cryptocurrency markets clearly. Hoskinson thinks these developments will create the correct atmosphere in which significant investments will shift to alternative coins.
The market players seem keen on it, and the best illustration of this feeling is the significant increase in numerous digital assets other than Bitcoin. As the regulatory situation gets lighter, optimism around the sector continues to grow.
Conclusion
Charles Hoskinson’s prediction of trillions flowing into altcoins gains more attention as Bitcoin hits a historic $118,000 high. With favorable legislation advancing in the U.S., the crypto market shows signs of broader expansion, led by increasing investor interest and strong altcoin performance.
Also Read: Bitcoin Surges Past $118,000 as Trading Volume and ETF Inflows Accelerate
The post Charles Hoskinson Predicts Trillions in Altcoins as Bitcoin Hits $118K appeared first on 36Crypto.
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