David Bailey, CEO of Bitcoin Magazine and former Bitcoin advisor to Donald Trump, plans to raise $100-$200 million for a pro-Bitcoin Political Action Committee (PAC) anchored by Nakamoto Holdings. The PAC aims to advocate for U.S. policies eliminating capital gains tax on Bitcoin, securing self-custody rights, funding Bitcoin education, and exploring options like Bitcoin ATM expansion and sovereign debt repayment in BTC. Bailey cited Fairshake PAC—which spent $130 million supporting pro-crypto candidates in 2024—as a model, targeting influence ahead of the 2026 elections.
Concurrently, Bitcoin's infrastructure limitations are driving interest in Bitcoin Hyper ($HYPER), a Solana Virtual Machine-based Layer-2 solution enabling smart contracts and dApps on Bitcoin. Its presale raised $7 million despite market dips, with tokens priced at $0.012525 and staking rewards at 152%. The operational devnet will launch mainnet, cross-chain bridge, and dApps in Q3 2025, with exchange listings projected for Q4 and a price target of $0.32.
Institutional Bitcoin adoption continues surging, with 160,000 BTC accumulated in 30 days and Cathie Wood reiterating a $1.5 million long-term BTC price forecast. However, warnings emerged about legal risks in blending PAC efforts with shareholder assets, as highlighted by BTCS CEO Charles Allen.