Wall Street veteran Jordi Visser predicts a big increase in Bitcoin investment from traditional finance institutions by the end of the year. He made this prediction during an interview, stating that increased allocations are inevitable. Anthony Pompiliano, also in the interview, agreed, predicting a downturn for Bitcoin bears. Visser acknowledged Bitcoin’s current stagnation due to low investor activity but believes this is about to change.
Institutional Adoption on the Rise
Bitcoin has been trading sideways for a while, but this could change in the fourth quarter of the year. Increased institutional and retail interest is expected to drive growth. MicroStrategy leads the pack in Bitcoin holdings, with a massive treasury exceeding $74 billion. Other public companies also hold significant amounts of Bitcoin, but MicroStrategy’s holdings dwarf the competition. Michael Saylor, MicroStrategy’s CEO, recently highlighted Bitcoin’s superior performance compared to other major assets, further emphasizing the institutional interest in Bitcoin.
Bitcoin Hyper: Speeding Up Bitcoin
One project aiming to improve Bitcoin is Bitcoin Hyper ($HYPER). This Layer 2 solution addresses Bitcoin’s slow transaction speeds. Bitcoin currently processes only 7 transactions per second, significantly lagging behind other blockchains. Hyper aims to solve this using technologies like the Canonical Bridge and the Solana Virtual Machine (SVM). These tools enable faster transactions, lower fees, and improved scalability.
How Hyper Works
The Canonical Bridge moves Bitcoin transactions to Hyper’s faster Layer 2 network. Users can then use these “wrapped” Bitcoins on Hyper or withdraw them back to the main Bitcoin network at any time. This process eliminates congestion and long wait times. The SVM further enhances performance by enabling faster smart contracts and decentralized finance (DeFi) applications.
Bitcoin Hyper’s Presale Success and Price Predictions
Bitcoin Hyper’s presale has already raised over $15.6 million, making it one of the most successful presales of the year. With a planned Q4 public listing and Bitcoin’s anticipated growth in Q4, the project is generating significant buzz. The project’s whitepaper suggests a potential price of $0.32 by the end of the year and $1.50 by 2030, but remember this is just a prediction.
Disclaimer: This is not financial advice. Always do your own research before investing./p>