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Saylor Holds Firm Amid Bitcoin Drop as Traders Turn to Altcoins
- Bitcoin's price dropped dramatically from above $120K to below $90K, impacting leveraged positions and causing market concern.
- Michael Saylor reaffirmed his commitment to Bitcoin despite volatility. His company holds approximately 649,870 BTC at an average purchase price of $74,430, still profitable post-crash.
- The Bitcoin Hyper project seeks to address Bitcoin's limitations in throughput, fees, and programmability with a Layer-2 solution using the Solana Virtual Machine (SVM).
- The Bitcoin Hyper presale has raised over $28M, targeting a significant upside if its roadmap is successful. It offers around 41% staking rewards.
- The proposed Layer-2 solution aims to maintain Bitcoin’s security while enhancing transaction speed and reducing fees through zero-knowledge proofs and high-throughput chains.
- Bitcoin Hyper’s solution could attract DeFi projects and other blockchain activities due to its compatibility with existing Rust applications and potential ecosystem growth.
- Security audits by Coinsult and SpyWolf have shown no critical issues, though typical risks for new blockchain projects remain.
- Potential future valuations of the $HYPER token suggest notable growth if the project's milestones are achieved and major exchanges list the token.
- $HYPER is designed to enhance Bitcoin’s capabilities rather than act as a hedge, appealing to investors looking for higher returns alongside Bitcoin’s infrastructure development.