Some analysts say Bitcoin (BTC) could reach $200,000 if the CLARITY Act becomes law. That is a very big if. Seven roadblocks now stand between the bill and a Senate vote.

The CLARITY Act would decide which US agency polices crypto. It has sat on the Senate’s to-do list since June 1 without a vote.

Why $200,000 Depends on One Bill

Start with the number. It describes one scenario, not a firm forecast. Research desk FM Intelligence sees Bitcoin between $135,000 and $200,000 over the next year. It gives that outcome one-in-four odds, and only if the bill is signed before the November midterms. Its main case is far lower at $95,000 to $130,000, per its published scenarios.

Now look at the gap….