Bitcoin ETF Inflows Rise as Volatility Decreases, Says Saylor

Bitcoin's volatility is decreasing as institutional investments increase, according to MicroStrategy chairman Michael Saylor. This stability could make the cryptocurrency less thrilling but more robust.

Current Market Performance

Bitcoin reached a record high of $124,100 on August 14 but has since decreased to around $115,760.
The market remains divided with predictions ranging from further growth to potential pullbacks.
Despite recent Federal Reserve rate cuts, Bitcoin maintains support at $115K, marking an 82% increase over the past year.

Institutional Inflows

U.S. spot Bitcoin ETFs recorded $223 million in inflows, predominantly into BlackRock’s IBIT.
Ethereum ETFs also attracted significant investment, led by BlackRock’s ETHA.
Public companies collectively hold approximately $118 billion in Bitcoin.

Altcoin Activity

Altcoin rotation is slowing down after Ethereum and smaller coins' rallies.
Despite September's usual market weakness, Bitcoin has risen over 8% this month.
A supply squeeze is occurring due to reduced exchange supplies and stable ETF demand.

This shift towards stability may signify the start of a "digital gold rush," with long-term holders showing maturity through cautious selling. Michael Saylor sees potential for substantial growth in the coming decade.