Nikolaos Panigirtzoglou, global markets strategist at JPMorgan, believes that the price of Bitcoin could reach $170,000 in the next 6-12 months, which means that Bitcoin Hyper, which provides a second layer solution to the Bitcoin blockchain, will… Blockchain – its value could increase by around 100 times according to conservative expectations.
Bitcoin Hyper’s IPO attracted an impressive $26 million in investment, some of which is believed to have come from institutional investors due to the size of the pool.
With a second-layer solution designed to run on the Solana blockchain, Bitcoin Hyper aims to bring the scalability of Bitcoin, allowing it to deliver on its promise of becoming a digital asset that can be used like money.
The new Bitcoin Hyper network seeks to enable the underlying Bitcoin blockchain layer to perform various functions. It is unlocking its untapped potential to become the new home of decentralized finance (DeFi) ecosystems and overtake competitors like the Ethereum blockchain, a multi-billion dollar opportunity that should not be ignored.
Over the next 24 hours, Bitcoin Hyper will remain available for purchase at a price of just $0.013245, which is expected to increase with the impending end of the next phase.
Designed to run on the Bitcoin blockchain, the Bitcoin Hyper network will feature its greatest benefits: security, while the Layer 2 solution will benefit from the transaction efficiency of the Solana Virtual Machine (SVM) and the transparency and settlement integrity of the Bitcoin blockchain.
This provides all the elements for project success. By adopting blockchain technology, the Bitcoin Hyper technology system enables verifiable, verifiable and irrevocable scalability without compromising security and trust. It is therefore not surprising that crypto experts talk about the currency as a digital currency that is expected to generate gains of up to 100 times.
Ignore the market noise and help shape the future of Bitcoin.
Those who can identify the true potential of volatility could make huge gains by helping change the future of Bitcoin by owning Bitcoin Hyper.
After recording its price at an all-time high above $126,000, the price of Bitcoin has seen downward fluctuations, earlier this week falling below $100,000 for the first time since June this year, putting leveraged bulls in a real dilemma.
Fears of the AI sector bubble bursting are also affecting risk assets such as digital currencies, which could trigger a violent correction in the stocks of tech giants known as the “Magnificent Seven” list, which includes Alphabet, Amazon, Apple, Meta, Microsoft, Nvidia and Tesla, which have led the market’s bull cycle.
This is a very competitive market, and it’s clear that up to 70% of the Standard & Poor’s 500 (S&P 500) total year-to-date gains have been attributed to the stocks of the seven tech companies mentioned. Perhaps the hottest market – until recently – was represented by shares of crypto treasury institutions and Bitcoin exchange-traded funds (Bitcoin ETFs), as both sectors came under severe pressure.
While this tense environment may cause investors to miss out on good opportunities, the most notable of which currently is the Bitcoin Hyper IPO, the opposite has happened, as we mentioned.
Perhaps legendary investor Warren Buffett’s immortal words about market timing are most appropriate today, amid deteriorating Bitcoin price action. The saying goes like this: “Be afraid when others are greedy, and be greedy when they are terrified.” »
Bitcoin is cheaper than gold now that it has regained the $4,000 level
With Bitcoin’s price currently stable around $100,666 and futures market investors taking losses as the US trading session opens, expectations of its price hitting $170,000 seem a bit illogical, while Panigirtzoglou’s argument seems entirely logical.
Simply put, the price of Bitcoin has fallen 20% from its peak, putting it on the brink of a bear market cycle due to the liquidation of trades from leveraged speculators, which would provide a solid foundation for the future.
From a technical analysis perspective, Bitcoin – according to the Volatility Index – looks cheaper than gold, even after its recent decline from its highest levels above $4,000.
Average annual return
| Indicator | last year | The last five years | The last ten years |
| currency Bitcoin | 69.5% | 60.2% | 81.6% |
| price Gold on the spot market | 28.6% | 11.7% | %11.1 |
Data on the average annual return of Bitcoin compared to gold
Source: https://curvo.eu/backtest/en/compare-indexes/bitcoin-vs-gold-bullion
Panigirzoglou also points to the large wave of futures liquidation that led to the loss of $19 billion in investments on October 11, when Donald Trump threatened China with a 100% tariff increase. Even if it was only a threat, the damage had already been done. In the same context, the analyst attracted attention in his comment on the theft of assets worth $128 million in the decentralized finance protocol Balancer (DeFi), which likely exacerbated the negative mood among the public.
Combined with its analysis of the shocking liquidation event using the ratio of futures trading volumes to Bitcoin’s market capitalization, which has recently returned to its average since January 2024, JPMorgan financial market strategists conclude that “this practice indicates that the price of Bitcoin (Bitcoin) has enormous upside potential over the next 6 to 12 months.”
While average active futures volumes have recently returned to their levels from early March this year, which is an indication of the extent of the damage suffered as well as the new fundamental pillars of growth.
Source: https://studio.glassnode.com/charts/btc-futures-leverage-ratio
Investing in Bitcoin Hyper could be the best way to exploit the decline
Since its peak of $4.4 trillion, the total value of crypto assets has lost 23% of its value to $3.35 trillion, with the possibility of future losses, especially if the pace of the boom driven by the artificial intelligence sector accelerates over the weekend.
Although the wave of pessimism in some quarters has been evident since early October, Bitcoin Hyper has proven that it can be considered a safe haven based on its subscription proceeds exceeding $26.4 million.
The movements of the whales (major investors) support the market’s view, as they have entered into purchase transactions worth hundreds of thousands of dollars, with one of them accumulating 62.2 million Bitcoin Hyper coins, which were valued at approximately $833,000 at the time of purchase. Another purchased 24.6 million HYPER tokens worth $327,000, another collected 25.65 million HYPER tokens (worth $333,000), while another acquired 10 million HYPER tokens for $135,000.
The subscription should start 155 days ago and should end soon. Those interested in participating should therefore quickly buy Bitcoin Hyper by visiting its official website and purchasing it using Solana-SOL, Ethereum-ETH, Tether-USDT, USD Coin-USDC or Binance. (Binance Coin-BNB), or even buy it with Visa and MasterCard.
Bitcoin Hyper investors can mortgage their balances immediately after purchasing them and start enjoying the returns offered by the project’s mortgage protocol in exchange for a variable mortgage yield (APY) which currently stands at 44% per year.
To get the best experience, you can use the Best Wallet, which is one of the best digital currency wallets currently available. You will find Bitcoin Hyper included in the list of upcoming tokens to evaluate promising projects with the highest potential, allowing you to easily buy them, track your balances and collect them immediately after launch. You can join the project community by following its accounts on the X. And Telegram platforms to follow the latest developments.
To visit the official website of Bitcoin Hyper IPO, click here
The post Bitcoin (BTC) price will reach $170,000 within 6 months according to JPMorgan analysts, but gains from Bitcoin Hyper-HYPER second layer solution could reach 100 times. It first appeared on Cryptonews Arabic.
