The author
Michele
Stefanelli
A financial adviser entered on the Italian single register (OCF), independent financial advisers section, a NAFOP associate and an AIAF member (the Italian Association of Financial Analysts). More than 35 years of experience spanning traditional finance and innovation, with a focus on FinTech, blockchain and digital assets.
Author of Due Diligence of a Layer 2 – The Bitcoin Hyper Case — a two-volume work. Volume I: Foundations, Architecture and Security (2026, 523 pages, 24 chapters). Volume II is forthcoming (12 chapters).
Founder of MS Digital Asset Academy. Bitcoinhyper.it is a publication of MS Digital Asset Academy.
About me
Last updated 6 May 2026
I have worked in financial advice for more than three decades. I have lived through very different market cycles — from traditional Italian finance in the 1990s, through bank disintermediation, to the maturing of FinTech and the emergence of digital assets as an asset class in their own right. Throughout each of these phases I have sought to maintain a consistent method: study before advising, distinguish what is documented from what is merely promised, and act solely in the client's interest.
The fee-only model, regulated in Italy through the independent financial advisers section of the OCF single register, is the legal framework that makes this consistency possible: no commissions from product providers, no placement mandates and no structural conflicts of interest.
Can you make the slowest, most conservative and most reliable machine ever built fast — without touching it? Bitcoin Hyper claims that you can: a Layer 2 that executes transactions with Solana's engine and anchors the results to Bitcoin. But who orders those transactions, and what stops them from abusing that power? Where do the data that make everything verifiable actually live? What happens on the day something breaks? And, above all: how much of this already exists, and how much is still only a promise?
This first volume — the volume of understanding — reconstructs the project's architecture one question at a time, following a method stated at the outset and maintained to the final page: the team's claims treated as statements to be verified, facts as facts, and the distance between the two as the object of the enquiry. Twenty-four chapters with concrete analogies, questions and answers, and a concise summary at the end of each. Judgement — tokenomics, risks and comparison with other Layer 2s — is the task of Volume II.
from the back cover · Vol. I, first edition July 2026
This website is the free, public version of that work. It is not a promotional page for the Bitcoin Hyper project, nor a marketing channel for the issuer. It is an independent editorial knowledge base: a collection of technical analyses, comparison tables, glossaries and regulatory documents, built around the due-diligence method applied in the book. The aim is to give the reader — the curious, the investor, the developer — the tools to judge for themselves.
The method
Verify first
Every claim set out on this website and in the book is checked against primary sources: the whitepaper, official announcements, public code and the devnet explorer.
Documented vs promised
The most important distinction. "The SVM is running on devnet" is a fact. "Decentralisation within 2 years" is a promise. The two are treated in radically different ways.
Three readers in mind
The curious reader who wants to understand, the investor who wants to assess, the developer who wants to build. Every section of the book is designed to serve all three.
Honest about the gaps
The open questions — data availability, the absence of publicly available protocol- and bridge-level audit reports, a bridge that is not yet decentralised — are not played down. They are treated with the same care as the strengths.
Why this website exists
A book is static. Bitcoin Hyper is an evolving project: milestones that move forward, dates that slip and announcements that arrive. This website exists to keep that knowledge up to date over time.
The project status dashboard is updated as the project progresses. The blog publishes in-depth analysis. The glossary grows alongside the sector's vocabulary.
Everything is free, with no paywall and no mandatory newsletter. If you find the content useful, the best way to support it will be to buy the book once it is available.
The author's publications and editorial projects (the book, the bitcoinhyper.eu knowledge base, the newsletter, the podcast and any future volumes) are brought together under the MS Digital Asset Academy brand, the editorial and research division of MS Studio dedicated to digital assets.