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There's some hope on market structure and I say it's 50/50 right now. >> The fundamental case for Bitcoin has never been stronger. >> It all comes down to this, crypto holders. The last chance to pass the Crypto Clarity Act starts this Friday. This Friday, July 17th, the Crypto Clarity Act goes before Congress again, this time at the House Financial Services Committee hosting a hearing entitled Building the Future of Finance, How the Clarity Act unlocks financial innovation. In just 3 days, the final push starts. Make sure you subscribe to Altcoin Daily. We're going to be keeping you updated on everything Clarity Act and everything crypto. We are the largest crypto community in the world. Understand the Clarity Act is needed for cryptocurrency in the US to thrive. And yet, with just about 4 weeks left till Senate goes on summer recess, the final push starts this Friday. Millions of Americans already hold digital assets with no federal framework protecting them. The Clarity Act gives Americans the confidence and security they need to participate in our digital economy. President Trump continues to push the Senate saying the US Senate should pass the Clarity Act now. The late Senator Lindsey Graham was a big supporter and the US needs to stay ahead of China and all others on this, just like AI. And yet, the chance of the Clarity Act actually passing this year seem to be stuck at 50/50 on leading prediction market call sheet. So, the Senate needs to fast-track the Clarity Act bill this week and next week and for the next 4 weeks, or we're going to run out of time and this bill will be potentially stuck in limbo for years. Pass the Clarity Act ASAP. Enough is enough, guys. Smash the like button if you agree with this. Give me your honest opinion. Will the Crypto Clarity Act pass in 2026?

Wall Street insider billionaire Mike Novogratz echoes the public prediction market sentiment saying in his opinion the chance of Clarity Act passing is 50/50. And it's interesting that behind the scenes volume and other key performance indicators are picking up. >> There's some hope on market structure, not a ton. I say it's 50/50 right now. Um but I think you're you're seeing volumes pick up. Volumes are up 20, 30% from a pretty low level, but they're picking up. You're seeing some activity. I mean, Robinhood launched a chain with, you know, to compete uh uh and compete in the uh you know, the DeFi space and boom. Uh big usage first day. Uh three times that was the first day there's a lot of hype, but it was three times the use of Hyperliquid. And so, that's a big deal. Robinhood is a he had a 15 million customers in the US, a monster uh here domestically at least, uh smaller overseas. Um and so, you got a lot of decent little stories showing up around the edges and I think that's brought a little enthusiasm. >> As Patrick Witt, the White House's executive director of digital assets, writes, "This is a critical week for clarity, which just so happens to be the one-year anniversary of the genius stablecoin act. The approval of the Clarity Act could be for Ethereum and Solana what the spot Bitcoin ETFs were for Bitcoin. Ethereum is by far the dominant blockchain for stablecoins, making it one of the biggest beneficiaries of regulatory clarity, along with tokenization and DeFi and so much more." After the spot Bitcoin ETFs were approved, Bitcoin rallied more than 7x from its 2022 bear market low. If Ethereum were to potentially experience a similar move in the next bull market, ETH could trade at $10,000 per coin. And even though I think the next cycle is Ethereum's cycle to lose, I think Ethereum is going to surprise a lot of people to the upside. That doesn't mean that I don't think Bitcoin is about to do really, really well going from here as well. Whether Clarity Act passes or not, the bull case for Bitcoin is something adjacent to that. Something else is happening with Bitcoin and the macro backdrop versus Bitcoin that makes the fundamental case for Bitcoin never have been stronger, at least according to Bill Miller IV arguing the case for Bitcoin on CNBC to a very skeptical host. >> Why is Bitcoin performing so poorly?

>> I think the the main reason right now is the fact that Clarity Act like it could be stalling on ethics concerns, but if you look at it over a much longer time horizon, the fundamental case for Bitcoin has never been stronger. So, the CBO this year is projecting $1.9 trillion in a deficit. So, let's let's look at that from a different angle. The marginal obligations being created that are unfunded by our country is 50% bigger than the entire market cap of Bitcoin. So, yeah, you have to think is this the best way of accounting for capital when we can just come up with new obligations year in and year out, the debt cycle gets worse and worse. I think there are better ways to account for capital that are based on consensus, energy, and transparency. So, we're still very optimistic about the technology over the long term. >> I know, but I didn't hear you say anything about the use case of it. I mean, what what if there was never really a credible fundamental story to begin with?

>> Well, then it might not exist, right? So, Bitcoin came into existence in the heels of the 2008-2009 financial crisis when everyone saw all of the money printing coming down the pike. And and that's what happened. So, the fundamental use case is stronger and you have to look at the over underlying sets of dynamics out there around you when you make market calls. And so, I you know, the fundamentals are still incredibly strong. >> What if the biggest problem here is it's simple, and that there's just a lot of money going into other more durable, fast-growing areas of the market around the AI trade, and Bitcoin just can't compete with that?

>> Well, I think AI very, very long-term is incredibly deflationary. And to make up for that, you're going to have to come up with a whole bunch more dollars to fill in for all the debts that are out there. So, one of the ways out of the debt spiral is inflation. And and Bitcoin is a hedge against that over the long term. So, I think overall, that's a very good thing over the long term for Bitcoin. >> In other news, BlackRock, Goldman Sachs, JP Morgan, Coinbase, and 50 other leading financial institutions have partnered and joined together in the UK's new tokenization, crypto initiative, and task force. They're putting major money behind the push and focusing on tokenized collateral, tokenized funds, wholesale payment rails, legal certainty, interoperability, financial crime compliance, digital identity, and furthering tokenization and crypto in the UK. They have major heavy hitters behind this push. In Japan, they are pushing crypto hard. Breaking, SBI Holdings, managing over 230 billion in assets, has chosen Solana as the blockchain partner for Japan's first crypto financial marketplace. This initiative will leverage Solana's fast, low-cost blockchain for JPY stablecoins, tokenized real-world assets, and cross-border payments and institutional finance. I am bullish, my friends. Bitcoin is bottoming. Sure, Bitcoin can go a little bit lower, but it also could go a lot higher. According to Fidelity's model, Bitcoin is already in the accumulation zone. A final drop towards 56,500 can't be ruled out, but Bitcoin is bottoming in this zone. Check this out. Bitcoin's weekly death cross signal has flashed. It sounds bad, but in the past, by the time this signal had flashed, Bitcoin's bear market was nearly ending. More and more signs confirming my belief that the accumulation season is back. It is very possible we see a triple bottom. Analyst psychedelic, a 7-year crypto veteran, writes, "This is my main idea for Bitcoin. I'm 90% sure that the macro low is in. I give 10% to the realized cap being tested, Bitcoin going to 54,000, but outside that, I think we get a triple tap here on Bitcoin before running it up to 70,000. My Bitcoin relative strengt