Large-scale Bitcoin investors, termed as "Hyper Whales," boost their spending by over $58,000, coinciding with discussions about the US government's potential Bitcoin reserves.
In an upcoming roundtable discussion, crypto titans such as Michael Saylor, Tom Lee, and Fred Thiel, along with Bitcoin mining executives, eToro's head of US business, and executives from Web3 capital firms, will convene to explore ideas around how the US can fund large-scale Bitcoin purchases without burdening taxpayers.
At the heart of this discussion lies Bitcoin Hyper, a Layer-2 scaling solution designed to address the transaction issues plaguing the original Bitcoin network. Currently, Bitcoin can only process 6.71 transactions per second (tps), while Ethereum, a competitor, can facilitate 21.94 tps - over three times faster.
This slow transaction speed, coupled with high gas fees, has become a significant hurdle for Bitcoin's widespread adoption. Bitcoin's average gas fees have often rocketed above $2 and edged close to $3 during heightened activity, making it impractical for everyday users. Even at quieter times, fees rarely drop below $0.50 - $1.
Bitcoin Hyper aims to change this narrative. By utilizing the Solana Virtual Machine (SVM) and offering developer tools such as Rust-SDKs and APIs, the project emphasizes a technical team focused on high throughput, low latency, and scalability through rollups and zero-knowledge proofs.
The presale for buying Bitcoin Hyper's native token, $HYPER, is currently ongoing. Holding $HYPER unlocks benefits like the lowest gas fees, governance rights, and 70% staking rewards. Moreover, 30% of Bitcoin Hyper's $HYPER tokens are earmarked for ongoing development.
Bitcoin Hyper could potentially turn Bitcoin into a hub for DeFi, NFTs, and Web3 innovation. Such volatility amplifies the need for scalable solutions like Bitcoin Hyper, as it strives to make Bitcoin faster, cheaper, and more versatile, regardless of network demand.
Notably, Bitcoin Hyper has already raised over $16.2M, including two large purchases of $31.5K and $27.1K. The anticipated price of $HYPER is $0.15 on bullish momentum.
As the roundtable discussion unfolds, the future of Bitcoin and its scalability solutions will undoubtedly be a topic of great interest. Stay tuned for updates on this exciting development in the crypto world.
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