Bitcoin surged past $120,000 on October 3 following the US federal government’s partial shutdown earlier this week. Just one day earlier, Cardano founder Charles Hoskinson predicted Bitcoin could reach $250,000 by mid-2026, citing geopolitical disruption as a catalyst. SponsoredSponsoredGovernment Shutdown Sparks Market TurbulenceThe shutdown began on October 1 after the Senate rejected a stopgap funding bill by a 55-45 vote, falling short of the 60 votes required. SponsoredSponsoredThe Bitcoin price action follows a recent Bloomberg interview in which Charles Hoskinson said he sees Bitcoin at around $250,000 by the middle of next year. The US shutdown demonstrates how political dysfunction and economic uncertainty can undermine faith in traditional systems, while decentralized assets gain traction as alternatives.