Tom Lee, managing partner and head of research at Fundstrat Global Advisors, has reiterated his bullish forecast for Bitcoin (BTC), saying that the $250,000 target is still possible by the end of the year. Meanwhile, Bitcoin Hyper (HYPER), the fastest Layer-2 network for BTC , which recently raised $24 million in a pre-sale, is gaining more attention.
Early investors are clearly connecting the dots. For BTC to reach the levels Lee predicts, new sources of demand are needed, and that’s exactly what Bitcoin Hyper aims to achieve.
“By introducing massive user demand alongside the existing narrative of BTC as a store of value, the project could open up a whole new layer of growth for the cryptocurrency market,” Lee points out.
The ecosystem is built around the Solana Virtual Machine (SVM), one of the fastest blockchains in the industry. The fast applications and security of Bitcoin combine, with BTC remaining a central component of every transaction. The pre-sale continues to attract strong interest, as evidenced by the “whale” purchases last week. The current round of sales is offering the token at $0.013125, with just 8 hours left until another price increase.
Tom Lee has remained bullish on BTC throughout the year. In an interview on September 24 in Seoul, he said he expects Bitcoin to trade between $200,000 and $250,000 by the end of the year. He bases his forecast on the US Federal Reserve’s policy shift from aggressive to dovish. Lee states: “This shift is creating a strong tailwind for Bitcoin and is consistent with Mark Newton’s technical analysis, which highlights cyclical patterns that support BTC’s rise through the end of the year.”
Arthur Hayes, former CEO of BitMEX, agreed:
“Bitcoin’s rise is not over yet,” while setting his target for Ethereum at $10,000. While the optimism may seem far-fetched to some, historical data supports the possibility of a rise. Capital is increasingly flowing towards innovation rather than mere speculation, so BTC Hyper looks set to usher in a new phase of user demand.
The ecosystem allows developers to create applications that use the speed of Solana, and users can lock BTC in the bridge, creating “wrapped BTC”. This allows active use of BTC while maintaining the security of the original chain. The HYPER token initiates transactions and enables management functions, while staking offers 49% APY.
