Analyst Lays Out $1 HBAR Thesis Amid Brutal Token Dilution

An early Hedera backer argues HBAR could hit $1 despite heavy token unlocks driving short‑term dilution. The thesis hinges on limited circulating supply (43B of 50B max), potential ETF and institutional demand, and regulatory framing that positions HBAR as non-security. The analyst cites prior highs near $0.50 and suggests a multi‑x upside with ETF adoption, real‑world asset tokenization, and narrative shifts toward Hedera’s infrastructure use in AI, metaverse, and CBDCs. Target signals include a potential move to $0.40 as a near‑term waypoint and profits around $1.