A Bill With a Firm Vote Date
The main driver behind the recent Bitcoin price jump is the Crypto Clarity Act. Coinbase (COIN) CEO Brian Armstrong told Fox Business that the act will pass and that Bitcoin (BTC) is just starting its bull run. He gave a concrete reason: a big Senate vote is set for September 15th, scheduled by Leader Thune. Floor time in the Senate is scarce and heavily fought over, so Thune would not have booked that date unless he expected the bill to pass.
Armstrong called the Clarity Act a strong two-party compromise. Both sides got about 90% of what they wanted, which he said is a deal worth saying yes to. He is optimistic it clears more than 60 votes. A few last-minute wishes remain on each side, but the deadline is now fixed.
The day before, the president met with top regulators from the SEC and CFTC, and the main topic was getting the Clarity Act finished. There was a strong sense of urgency from the administration to get it over the line.
Robinhood (HOOD)'s CEO admitted that he and other crypto leaders have been calling senators during the summer recess, sometimes at 3:00 a.m., to help pass the act. He described it as the industry working together for ownership of the industry by the American people. Patrick Wit is spearheading the effort, wrangling everyone together.
Banks Switch From Enemies to Backers
Several large banks and financial firms have endorsed the Clarity Act: Goldman Sachs (GS), Citigroup (C), BNY Mellon (BK), Fidelity, and BlackRock (BLK). Armstrong argues the bill is good for banks because it gives them new powers to grow their business with this technology. Most banks now see it as an opportunity, not a threat.
A few holdout banks still oppose it. The reason is plain: they do not want competition from crypto companies and do not want to pay higher rates to their customers. Free market competition is the ultimate consumer protection and creates better outcomes for everyone, so the Senate will not stand for protectionist behavior from a small group of incumbents.
Price Forecasts
Armstrong predicts Bitcoin at 300,000 to 400,000 dollars within about four years - roughly a 78x from current levels. Asked if he would forecast 100,000 dollar Bitcoin by the end of this year, he said there is a good chance. By 2030 he thinks a 300,000 to 400,000 dollar Bitcoin is very likely. At the time of the interview Bitcoin was around 718 (as quoted on air). Near term, I think Bitcoin can reach at least 75,000.
New Narratives Ahead
Solana (SOL) growth is exploding. Tokenized equities crossed 465 million dollars, a new weekly all-time high, and the on-chain equity market keeps climbing.
Cardano (ADA) founder Charles Hoskinson says crypto needs a fresh narrative for the next leg of the bull run - something beyond "better, faster, cheaper" or another financial product. He wants a story that crypto is with you in life wherever you go and makes life simpler, safer, more private, and easier. To bring in 10 trillion dollars and billions of people, the narrative has to change. His view: narrative follows price. When price rises, a new narrative appears.
Bullish narratives are already forming. X is considering paying content creators with stablecoins. Once the Clarity Act passes, expect news of X considering Ethereum (ETH) or Solana (SOL) for its platform.
The narrative has shifted each cycle. Four years ago it was Bitcoin as a store of value. Three years ago it was programmable Ethereum and ICOs. Two years ago it was early DeFi and NFTs. Last cycle it was memecoins. This cycle looks like the entire financial system moving on-chain to settle 24/7 across-border payments. The move this time could be far bigger than most burned-out traders, who have mostly given up their holdings, can imagine.
Technical Evidence the Bottom Is In
Bitcoin rose above the 200-day moving average for the first time since November 2025. The last two times Bitcoin reclaimed and closed above the 200-day moving average, the last two bull runs began.
For the first time since the October 2025 all-time high, Bitcoin demand turned positive in both spot and perpetual futures. The scale is still modest, but if it holds another month, it could mean the bear market is over and a new bull cycle has begun.
Crypto has been held down by leverage for a long time. The recent pop was the seventh largest liquidation event in crypto history and the biggest short squeeze Bitcoin has ever seen.
A large amount of Bitcoin changed hands in the 58K to 65K range. This zone matters more than any narrative for setting the market floor. The 62K to 65K area now forms firm cost-basis support as Bitcoin moves higher. The floor being built sits about 40,000 dollars higher than the last one.
A Closing Note on Quantum
In a final clip, one person said they will sell their Bitcoin based on what Arvin Christian, who knows quantum computing and Bitcoin well, told them. The timing given was three to four years.
