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Bitcoin (BTC) stands at a crossroads. Bulls are struggling to break through the $80,000 barrier, while bears are losing control as the overall sentiment shifts from fear to neutrality. Now, all eyes are on Bitcoin's price direction with only two months left until the end of Q2. Bulls need a strong catalyst, which is the CLARITY Act (CLARITY Act). Mike Novogratz, CEO of Galaxy, says it will be approved in June. But with all the uncertainty surrounding this law, can Bitcoin reach $90,000?
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Novogratz expects CLARITY Act approval in June
There has been much discussion about the timing of the CLARITY Act approval. After missing the April deadline, May has become the next month of focus. But with decreasing odds, June is now the likely final date.
Novogratz says that Senate members will finish the CLARITY bill in May, but President Trump will sign it in June. His prediction may come true, as Senator Tom Tillis stated he needs more time to resolve stablecoin revenue issues. This is favorable for Bitcoin's price.
Earlier, CoinGape published similar comments from Alex Thorne, a researcher at Galaxy. Thorne said there is a 50% chance that the CLARITY bill will pass this year. His view is more cautious than Novogratz's.
On the Polymarket platform, traders do not seem influenced by what Novogratz says about June. The probability of this law passing in 2026 is 47%.📈💯🌋💫💫❤️❤️❤️❤️❤️🥰