Bitcoin Accumulation Pauses Near ATH Amidst Trillion-Dollar Stablecoin Migration Projections
Bitcoin Accumulation Pauses Near ATH Amidst Trillion-Dollar Stablecoin Migration Projections
A major entity has paused its weekly Bitcoin acquisitions, keeping its substantial holdings steady near the cryptocurrency's all-time high. Concurrently, a new report estimates a potential shift of $1 trillion from emerging market bank deposits into stablecoins by 2028, indicating a significant trend in global financial flows.
Bitcoin Holdings Stable as Major Buyer Halts Acquisitions
Strategy, a notable institutional holder of Bitcoin, has reportedly paused its weekly acquisitions, maintaining its current holdings at 640,031 BTC. This figure represents over 3% of Bitcoin's total 21 million supply, valued at approximately $79 billion, at a time when the digital asset is trading near its all-time high. The halt in acquisitions suggests a strategic hold rather than an active accumulation phase.
$1 Trillion Shift Towards Stablecoins Projected by 2028
In a separate development, analysts from Standard Chartered project a massive capital shift from traditional banking into the cryptocurrency sector. Their estimates suggest that as much as $1 trillion could exit emerging market bank deposits and flow into US stablecoins by the year 2028. This potential migration is anticipated across various regions including Africa, Asia, and Latin America, highlighting a growing trend of stablecoin adoption as an alternative to traditional financial instruments in these markets.