Alexander Lorenzo breaks down two pieces of U.S. crypto legislation: the Genius Act, already law, and the Clarity Act, heading to Senate markup on May 14. He argues passage could trigger a Bitcoin rally to around $130,000.
There's an event happening on Thursday that can send Bitcoin to new all-time highs. If history rhymes, we will see another explosion like this. Let me explain. So there's been 2 bills that are pretty much going to establish the entire financial system. The first one's passed into law. It's called the Genius Act. The Genius Act allows banks to create stablecoins, and they've been pretty much abusing the heck out of it since it happened. And then there's the Clarity Act. This side right here is the Genius Act. That side is the Clarity Act. Now I want you to take a look right here. The Senate Banking Markup. Okay. March 13th, 2025. It actually passed, right? A lot of people think that the market's going to go up when the Clarity Act gets signed into law, right? Right now they're fighting over the Clarity Act. Everybody's waiting for it to get signed into law. But that's not what happened with the Genius Act, right? Genius Act actually dumped when it actually got signed into law. Let me show you. Take a look at the date, March 13, 2025. So right here, look, March 13, 2025. You see that white arrow? That was when the Senate Banking Committee markup actually happened and the vote passed. So this is the first sign where the Democrats and the Republicans work synergistically together to actually get something passed. Okay, now look at the price of Bitcoin when that happened. As you can see, it was the exact bottom and sent Bitcoin up 64%. Okay, this was like when everything was doing really well for crypto. It happened to pass right here. Now what's super interesting is that on May 11th, there was a 309-page text that dropped at midnight. So at midnight, they actually had a markup, and the same exact vote is happening May 14th for the Clarity Act. Remember, I've been talking about the Genius Act, right? Because it's already in law. That same event, the markup is happening again for the Clarity Act, which the Clarity Act is probably 5 times bigger of importance to all of crypto than the Genius Act would ever be. The Clarity Act pretty much establishes every rule of crypto. This is purely just stablecoins for banks. So 5 to 10 times bigger. That's happening Thursday. Now, if we take that same exact run and extrapolate it to where we're currently at, that'll bring us to $130,000 Bitcoin if it does pass this Thursday. Now, no one knows for sure. I'm not a politician, but what I do know is that they've been looking really desperate, and I'm going to update you guys as it happens. I'm also going to give you some commentary on what people are saying up into that event that's happening this Thursday. As you can imagine, this pretty much makes or breaks your portfolio. If it does not pass, there's a good chance that the market will go into— it'll be rough. But if it does pass, we could enter a massive new bull cycle, at least for the next couple of months. So it's pretty make or break coming this Thursday, right? I'll likely be doing a live Q&A on my group about this as well. You can find the link in my bio.
