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Hoskinson Hypes Bitcoin’s Big Year!
Charles Hoskinson believes that Bitcoin is on track for an explosive resurgence.
Danielle du Toit
April 11, 2025
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Hoskinson Sees Bitcoin at $250K as Miners Cash in on Strong Q1
Helium Scores Legal Victory as SEC Dismisses Lawsuit
Democrats Slam DOJ’s ‘Grave Mistake’ in Dismantling Crypto Crime Unit
Trump Signs Resolution Killing IRS DeFi Broker Rule
Despite the recent market turbulence, Charles Hoskinson believes that Bitcoin is on track for an explosive resurgence.
Charles Hoskinson predicts that Bitcoin could reach $250,000 by the end of 2025, thanks to macroeconomic shifts, growing tech adoption, and upcoming regulatory clarity.
Despite Bitcoin recently dipping below $77,000 due to trade tensions, Hoskinson sees the pullback as temporary.
He expects a return of “fast, cheap money” once the Fed cuts interest rates, which could drive a lot of capital back into the crypto sector.
The SEC officially dropped its lawsuit against Nova Labs, the team behind the Helium network.
The SEC dropped its lawsuit against Nova Labs "with prejudice," which prevents the agency from refiling similar charges.
The lawsuit was filed in early 2025, and accused Nova Labs of issuing unregistered securities with the launch of its Helium (HNT) token.
Helium sees the dismissal as validation that its tokens and hardware sales are legal, and that HNT, IOT, and MOBILE tokens are not securities.
Elizabeth Warren led six Senate Democrats in urging the Department of Justice to reverse its decision to terminate its crypto investigations and prosecutions division.
Senator Elizabeth Warren and five other Democrats criticized the DOJ’s decision to shut down its National Cryptocurrency Enforcement Team, and even called it a “grave mistake” that could enable serious crimes.
Deputy Attorney General Todd Blanche disbanded the division on April 7 after stating that the DOJ is not a regulator for digital assets.
The senators argue the move gives “a free pass” to crypto criminals, and pointed out that crypto mixers remain key tools for cybercriminal activity and should not be ignored by law enforcement.
Donald Trump signed a joint congressional resolution overturning a Biden admin-era rule that would have required DeFi protocols to report transactions to the IRS.
President Donald Trump signed a resolution on April 10 repealing the IRS DeFi Broker Rule.
The rule was set to begin in 2027, and would have required DeFi platforms to report crypto sales and taxpayer details. This caused a lot of concerns about privacy and regulatory overreach.
Critics argued that the rule would stifle innovation and overwhelm the IRS, while supporters warned that its repeal could open the door for wealthy people to avoid paying taxes on crypto gains.
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