JPMorgan global markets strategist Nikolaos Panigirtzoglou says Bitcoin should hit $170,000 in the next 6-12 months, which means Bitcoin Hyper (HYPER) Layer 2 could blast 100x higher on conservative estimates.
Bitcoin Hyper has attracted an impressive $26 million in contributions from investors, thought to include institutional buyers due to the size of some of the stacks being accumulated.
As a Solana-based Layer 2 solution, Bitcoin Hyper aims to transform Bitcoin into a truly scalable digital asset, delivering on its original use case as digital cash.
Moreover, Bitcoin Hyper frees the Bitcoin base layer to enable it to do much more – it will exploit Bitcoin’s largely untapped potential as the new home of DeFi, displacing the likes of Ethereum. That is genuinely a multi-billion dollar opportunity not to be overlooked.
For the next 24 hours, the HYPER token is available for purchase at just $0.013235, but its price will increase in the next stage of the soon-to-end presale.
Because Bitcoin Hyper is built on Bitcoin, it means it inherits its strongest feature: security. Bitcoin Hyper adds to that with the execution layer integrity of the Solana Virtual Machine and the settlement layer integrity of states anchored to Bitcoin.
All of this amounts to a recipe that has all the ingredients for success. To borrow from blockchain lingo, the Bitcoin Hyper ecosystem delivers provably correct, auditable, irreversible scalability without compromising security and trust.
It is no wonder then that crypto experts are talking about Bitcoin Hyper as crypto’s next big 100x return alpha play.
How To look past the market noise and take a position in the future of Bitcoin
Those who can see past the noise of market volatility can make a killing by taking a position in the future of Bitcoin, which is what ownership of the HYPER token represents.
After reaching an all-time high of $126,000, Bitcoin has been in retreat, albeit in fits and starts. Earlier this week, the price dipped below $100k for the first time since June this year, leaving heavily leveraged longs sweating.
Impacting risk assets like crypto are fears of an AI bubble about to pop and a consequent violent retracement of the sky-high valuation of the so-called ‘Magnificent Seven’ tech stocks (Alphabet, Amazon, Apple, Meta, Microsoft, Nvidia, and Tesla) that have been leading the stock bull market.
It is a crowded trade, reflected in the fact that as much as 70% of the total gains in the S&P 500 year to date are accounted for by the seven tech stocks mentioned.
And perhaps an even more crowded trade, until recently, has been crypto treasury stocks and Bitcoin ETFs, both of which sectors are under considerable stress.
All of these dark clouds might be expected to steer investors away from opportunities such as the Bitcoin Hyper presale, but, as we show, the reverse is the case.
The timeless maxim of legendary investor Warren Buffett on market timing is most pertinent at precisely this moment of apparent fragility in the Bitcoin price setup: “Be fearful when others are greedy and greedy when others are fearful.”
Bitcoin is now cheaper than gold!
With Bitcoin at the time of writing priced at $100,666 and futures in red going into the U.S. open, a Bitcoin prediction of $170,000 may feel somewhat outlandish, but Panigirtzoglou’s argument makes perfect sense.
In simple terms, Bitcoin has dropped 20% from its peak, putting it on the edge of bear market territory, the result of the unwinding of heavily leveraged positions. That exhalation of air from the market provides the basis for future advances.
To put it more technically, on a volatility-adjusted basis, Bitcoin appears cheaper than gold right now, even after the yellow metal’s recent pullback from its own highs above $4,000.
Average annualised return
| Index | Last year | Last 5 years | Last 10 years |
| Bitcoin | 69.5% | 60.2% | 81.6% |
| Gold spot price | 28.6% | 11.7% | 11.1% |
Source: https://curvo.eu/backtest/en/compare-indexes/bitcoin-vs-gold-bullion
Panigirtzoglou cites the massive liquidation of perpetual futures that has taken place since the record $19 billion wipeout on October 11, when Donald Trump threatened China with a 100% tariff hike. That turned out to be more talk, but the damage had already been done.
The analyst, less convincingly, also drew attention in his note to the theft of $128 million from the Balancer DeFi protocol, which he suggested added to the negative sentiment.
The shocking deleveraging event was illustrated by the analyst using the ratio of open interest in perpetuals to Bitcoin market capitalization, which has now returned to its average since January 2024.
The JP Morgan global markets strategists conclude, “This mechanical exercise thus implies significant upside for bitcoin over the next 6-12 months.”
The perpetual futures open interest ratio is now back at levels last seen in early March this year, providing another indicator of the damage, as well as a new foundation for growth.
https://studio.glassnode.com/charts/btc-futures-leverage-ratio
Rotating into Bitcoin Hyper could be the best way to play the dip
From a peak of $4.4 trillion, the market cap of the crypto complex has fallen 23% to $3.35 trillion. There could be more downside ahead, especially if the AI-driven stock boom reversal seen this week accelerates and deepens.
Yet despite the pessimism in some quarters that has been evident since the beginning of October, Bitcoin Hyper has proven to be a safe port of call, judging by the nearly $6 million in investor funds that poured into the project.
Indicative of the market view is the action of whales who have built positions valued at hundreds of thousands of dollars. One whale has amassed 62.2 million HYPER tokens, which, at the time of purchase, were valued at approximately $833,000.
Another whale has purchased 24.6 million HYPER tokens at a valuation of $327,000; one buyer acquired 25.65 million tokens ($333,000), and the latest mammalian giant snapped up 10 million HYPER for $135,000.
The presale has been running for 155 days and is expected to close soon. To buy HYPER today, visit the Bitcoin Hyper website to join the presale using SOL, ETH, USDT, USDC, BNB, or even a credit card.
And remember, Bitcoin Hyper holders can start staking their bag immediately to earn a dynamic yield of 45% APY.
The team recommends Best Wallet for buying and holding your stash because it is considered one of the best crypto wallets on the market. You can find HYPER listed in the Best Wallet app’s Upcoming Tokens section, where new tokens are easy to buy, track, and claim once live.
Keep up to date with all the project news by joining the Bitcoin Hyper community on Telegram and X.
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