Brevan Howard, one of the world’s leading alternative investment companies, has become the largest institutional owner of BlackRock’s iShares Bitcoin Trust (IBIT).
Released on January 11, 2024, IBIT quickly solidified itself as the world’s most traded Bitcoin ETF, boasting an AUM of 87.7b and a one-year star return of 77.7%.
With NAV at $66.51, Spot ETF tracks Bitcoin via CME CF Bitcoin reference rates and dominates the market with a 77.27% share of all SPOT BTC ETFs.
The company is currently ahead of Goldman Sachs, reporting $1.4 billion worth of IBIT shares at the end of the first quarter.
This move fits neatly with the broader trend in the accumulation of institutional Bitcoin, where heavyweights like MicroStrategy and Tesla continue to expand their reserves. MicroStrategy alone is valued at $73.9 billion, exceeding 628K$BTC.
Read how you can maximize your benefits with this rally by breaking down the top factors driving Bitcoin rise and entering Bitcoin Hyper ($hyper), a new utility-driven Altcoin Presale with explosive potential.
Growing Bitcoin Frenzy
Bitcoin broke its all-time high on August 14th, surpassing the $124,000 mark for the first time.
At the next important psychological level of $125K within touch distance, the momentum around “digital gold” was never strong.
Adding fuel to the rally, Donald Trump recently announced cryptocurrency as a qualifying investment option for his 401(k) retirement plan, opening the door for retirees to diversify into Bitcoin and other digital assets.
Naturally, Bitcoin, the most reliable crypto, is lined up first for profit.
The technical looks strong too. All major Emmas (20, 50, and 200) are getting higher and prices far outweigh them.
With no resistance overhead, even a healthy pullback can set another leg stage towards a fresh high in the coming weeks.
But if you want to maximize returns from this bullish wave, the smartest move may not be Bitcoin itself.
Instead, check out Bitcoin Hyper ($Hyper). Check out Bitcoin Hyper ($Hyper), the next-generation Layer 2 Altcoin, which supercharges Bitcoin with speeds like Solana, ultra-low rates, and full Web3 features.
That’s why many investors consider it to be one of the best altcoins to buy now.
What is Bitcoin Hyper ($hyper)?
Bitcoin Hyper ($Hyper) is the world’s first Bitcoin Layer 2 solution, designed to add fast, utility-rich lanes to the otherwise slow Bitcoin blockchain.
Bitcoin is a crypto-indisputed grandma, but suffers from slow transaction speeds, high fees and lack of compatibility with Web3. That’s exactly what $Hyper aims to fix.
Rather than simply riding on the popularity of Bitcoin, $Hyper offers authentic, tangible utilities and converts Bitcoin into a Web3-enabled ecosystem that can power Defi, NFT, games and more.
This unique value proposition makes it one of the best cryptos to buy $Hyper now if you want to unlock more from Bitcoin than just a capital appreciation.
How does $Hyper work?
$Hyper brings Solana speed and scalability to Bitcoin through integration with Solana Virtual Machine (SVM).
This breakthrough allows developers to build DAPP directly on Bitcoin and deploy smart contracts that were previously impossible on the network.
The magic is in parallel execution where multiple transactions are processed at once, with Bitcoin’s current limit well beyond just seven transactions per second.
$Hyper’s ecosystem core has a distributed, non-radical standard bridge that connects Bitcoin’s Layer 1 with Hyper’s Layer 2.
- Layer 1 Bitcoin is sent to the bridge where it is securely locked.
- The bridge creates a comparable amount of wrap Bitcoin in Layer 2.
- This wrapped bitcoin can be used on Web3 in defi trading, lending, staking, NFT, DAO and games.
- Once done, you can return the wrapped $BTC to the bridge and unlock the original Layer 1 Bitcoin.
$Hypertoken serves as the fuel for the ecosystem. It is used to pay gasoline charges, run smart contracts, build and run DAPPS, unlock premium Defi protocols and advanced services.
In addition to that, you can bet $Hyper for dynamic rewards. Currently offering an impressive 110% APY.
Why do I need to buy Bitcoin Hyper now?
Bitcoin Hyper ($Hyper) pre-sale has already blown up a $9 million milestone. He currently sits at $9.9 million and is tantalised by the $10 million landmark.
The best part? It’s not just retail enthusiasm that drives this madness. Pre-Sale has seen regular whale activities.
For example, a few hours ago, the whale snapped $15,000 worth of $Hyper in a single transaction, demonstrating that institutional interest in the project is growing.
Currently, you can purchase $Hyper for just $0.012735. So this could be the lowest entry point you’ve ever got.
It is worth noting that tokens could surge to $0.32 by the end of 2025, according to Bitcoin Hyper Price Prediction.
For more information, please visit the official Bitcoin Hyper website.
I’ll summarize
When Bitcoin breaks into its all-time high, the facility giants have doubled. Brevan Howard, for example, became the largest owner of BlackRock’s Bitcoin ETF (IBIT), adding 15.6 million shares in the second quarter alone.
Bitcoin is well positioned for more profits in the coming months, but smart investors know that the greatest profits often come from riding an altcoin that travels along it.
That’s where tokens like Bitcoin Hyper come in. It brings Solana’s speed and functionality to Bitcoin, unlocking a whole new layer of utility.
However, keep in mind that investing in crypto is extremely risky. Also, this article is not financial advice and you should always do your own research (dyor) before investing.
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