Hype Could Pump Bitcoin Hyper

During a White House cabinet meeting on August 26, Howard Lutnick (Commerce Secretary) said they’ll release GDP stats on blockchain soon.

The Department of Commerce is going to start issuing its statistics on the blockchain, because you [Trump] are the crypto president, and we are going to put the GDP on the blockchain so people can use the blockchain for data distribution.

—Howard Lutnick, White House Cabinet Meeting

This initiative may expand to several departments, which is in line with the recent crypto-centric approach in the US.

The CFTC is piloting a program to assess tokenized collateral and stablecoin transactions, while the DoD seeks to implement blockchain technology in digital documentation and supply chain authentication.

The Customs and Border Protection also tried blockchain tests to spot counterfeit goods through intellectual property data verification.

So, the GDP financial data on blockchain would be a welcome addition to the US’ pro-crypto efforts.

All this is just waiting to be priced in by the market, and major cryptos are already gaining in the last day.

Major cryptocurrencies showing gains in the last day.

Altcoins are also gaining fast, and one in particular is especially promising – whales have bought over $30K Bitcoin Hyper ($HYPER) yesterday in two transactions (one and two), and the presale has raised $12.3M so far.

How Would US Financial Blockchain Data Change Things?

Donald Trump has said several times in the past that US economic data seems unreliable. Back in April, he was skeptical that the 0.3% Q1 GDP contraction was caused by tariffs.

And in May, he argued against a Congressional Budget Office prediction of 1.8% growth, calling it underwhelming and biased.

Blockchain technology could make government data tamper-proof, more secure, transparent, and auditable. It could go a long way in building a trustless system where accusations of ‘rigged’ data don’t happen.

Blockchain technology could boost government efficiency and transparently, put simply.

But one more advantage to the US adopting blockchain is the positive impact on the market. Already, the total crypto market cap is nearing $4T, up by almost 2% in the last day.

 Crypto snapshot of the market cap and other metrics on CoinMarketCap.

We already know how influential governmental crypto adoption can be – it brings immense credibility and legitimacy for the sector. It’s the main reason why Bitcoin peaked at $124K this year.

And it’s not just the US:

Countries around the world are going all-in on crypto, and the market is like a sponge, taking all this optimism in and turning it into green lines.

With crypto prices going up, traders are looking for the next 10x crypto, and Bitcoin Hyper ($HYPER) might fit the bill, given recent whale interest and the $12.3M presale.

Bitcoin Hyper Builds a SVM-Powered Bitcoin Layer-2 in Viral Presale

Bitcoin Hyper ($HYPER) styles itself as ‘the fastest Bitcoin Layer 2 Chain’ and they’re not wrong. The project plans to make Bitcoin transactions much faster and bring DeFi scalability to the chain.

We’re talking dApp support, smart contract compatibility, and more building potential for developers:

  • NFT marketplaces
  • GameFi ecosystems
  • Crypto wallets
  • Decentralized Autonomous Organizations
  • Token programs and oracles

You name it, Bitcoin Hyper promises you’ll be able to build it on Bitcoin.

The project’s latest updates speak volumes about the team’s determination to build a slow-but-stable ecosystem around Bitcoin.

 Bitcoin Hyper update showing recent efforts made by the team.

Utility is $HYPER’s strong suit, and many investors believe in its mission. The project has seen incredible interest from whales lately (one $161K whale buy on August 12, among many others), with the presale reaching $12.3M since launching on May 16.

Our Bitcoin Hyper price prediction forecasts a $0.2 price by the year’s end, which would be a 1,465% increase from the current $0.012805 price.

Investors can also stake tokens for 90% APY, opening more passive profit opportunities down the road.

Here’s how to buy Bitcoin Hyper if you want to join a utility-first project that wants to upscale Bitcoin to modern demands.

GDP Blockchain Stats Could Further Shift Crypto Tides in the Green

With the US releasing GDP data on blockchain use, the country can start ‘hardcore’ implementation of this technology across departments.

Suddenly, the GENIUS and CLARITY bills would be part of a larger ecosystem spearheaded by an entire country.

And all of this is very bullish for crypto as a whole, especially utility-first projects like Bitcoin Hyper ($HYPER), which plans to upgrade the world’s biggest cryptocurrency.

Disclaimer: This content has been supplied by a third party contributor. Brave New Coin does not endorse or promote any products or services mentioned herein. Readers are encouraged to conduct independent research before making any financial decisions. The information provided is for informational and educational purposes only and should not be interpreted as investment advice.

Source: https://bravenewcoin.com/partner/us-issue-gdp-blockchain-stats-bitcoin-hyper-pumps