How Kraken’s CEO Lost $400M in BTC – And the New Crypto to Buy for 100x Gains in 2025
- Kraken CEO’s $400M Bitcoin Blunder: A Cautionary Tale
- Is Crypto in a Bubble? Kraken CEO vs. DCG’s Barry Silbert
- Bitcoin Hyper (HYPER): The Layer-2 Protocol Turning Heads
- Why Traders Are Betting Big on HYPER
- FAQ: Kraken’s BTC Loss and the HYPER Opportunity
In a jaw-dropping revelation, Kraken’s co-CEO Arjun Sethi shared how he accidentally tossed away a fortune in Bitcoin—now worth $300-$400 million. Meanwhile, as the Fed’s rate cuts fuel crypto markets, traders are eyeing bitcoin Hyper (HYPER), a groundbreaking Layer-2 protocol, as the next moonshot. Here’s the full story, plus why HYPER’s presale has surged past $16.5M amid bullish momentum.
Kraken CEO’s $400M Bitcoin Blunder: A Cautionary Tale
At Fortune’s Brainstorm Tech conference, Arjun Sethi dropped a bombshell: “One of my developers from my first company gave me a desktop with mined Bitcoin in 2009. I threw it away. Today, it’d be worth $300-$400 million.” The anecdote underscores how early Bitcoin adopters—often unaware of its future value—lost life-changing sums. Back then, BTC traded below a penny; now, it hovers around $116,000, per CoinMarketCap data. Sethi, who joined Kraken’s board in 2021 and became co-CEO in 2024, admits the crypto space is “always in bubbles,” but remains bullish long-term.
Is Crypto in a Bubble? Kraken CEO vs. DCG’s Barry Silbert
Sethi’s take on crypto’s volatility sparked debate. “Quarter-to-quarter, we’re in bubbles constantly,” he argued, while billionaire Barry Silbert (Digital Currency Group founder) countered: “99% of cryptos will go to zero, but the asset class isn’t in a bubble now.” The divergence highlights crypto’s polarizing nature—especially after the Fed’s 0.25% rate cut on September 17, 2025, which typically boosts risk assets like Bitcoin. Despite muted short-term price action (BTC +0.2% post-announcement), analysts at BTCC note that holding above $115,000 could signal a run to new all-time highs.
Bitcoin Hyper (HYPER): The Layer-2 Protocol Turning Heads
With altcoin season heating up, Bitcoin Hyper has emerged as a top contender for 100x gains. Its presale skyrocketed by $200K in a single day, crossing $16.5M as investors flock to its Solana VIRTUAL Machine (SVM)-powered Layer-2 solution. HYPER aims to bring DeFi, GameFi, and NFTs to Bitcoin via rollup technology, offering low fees and near-instant transactions. Currently priced at $0.012935 in its presale phase, the token also offers 68% APY staking rewards—a rare combo of growth and passive income.
Why Traders Are Betting Big on HYPER
Three factors make HYPER stand out:
- SVM Integration: Leverages Solana’s speed while anchoring security to Bitcoin’s base layer.
- Ecosystem Vision: Plans to unify fragmented Bitcoin utilities under one protocol.
- Fed Tailwinds: Rate cuts have historically ignited crypto rallies, and HYPER’s timing aligns perfectly.
“In my experience, Layer-2 projects with clear use cases outperform in bull markets,” noted a BTCC analyst. HYPER’s roadmap suggests it could follow suit.
FAQ: Kraken’s BTC Loss and the HYPER Opportunity
How much Bitcoin did Kraken’s CEO lose?
Arjun Sethi discarded a desktop containing BTC mined in 2009, now valued at $300-$400 million.
Is Bitcoin Hyper a good investment?
While HYPER’s tech is promising (especially its SVM integration), always DYOR. The 68% APY staking and presale traction are positive signs.
What’s Bitcoin’s price prediction after the Fed rate cut?
Analysts expect volatility, but holding $115K support could lead to new highs. Check TradingView for real-time charts.
