Bitcoin

intern

According to prominent investor Anthony Pompliano,&nbsp;Bitcoin "had a great run over the last 30 days," but argued the more telling signal lies in how investors are funding their purchases.
Pompliano said in an <a href="https://x.com/APompliano/status/2097362692319171052" rel="noopener noreferrer nofollow">X post</a> on Sep. 8 that&nbsp;the money into Bitcoin is flowing from the crypto ecosystem itself&nbsp;instead of liquidations of&nbsp;equity holdings.
He said that investors "are not selling their public stocks to <a href="https://www.thestreet.com/crypto/markets/eric-trump-wants-to-turn-u-s-into-bitcoin-leader" rel="noopener noreferrer nofollow">buy bitcoin</a>," but are instead "converting stablecoins into bitcoin."
This pattern "suggests there is much more appreciation to come," he framed it as a sign of internal rotation within <a href="https://www.thestreet.com/crypto/markets/strategy-doubles-strc-buyback-to-2-billion-as-bitcoin-holdings-hit-845050-btc" rel="noopener noreferrer nofollow">crypto markets</a> rather than a broader shift of capital away from traditional assets.
<a href="https://www.thestreet.com/crypto/markets/92-year-old-burger-chains-bitcoin-strategy-delivers-13-8-sales-jump" rel="noopener noreferrer nofollow">Related: 92-year-old burger chain's Bitcoin strategy delivers 13.8% sales jump</a>
<h2 id="why-the-distinction-matters">Why the distinction matters</h2>
Analysts often watch the source of buying pressure as closely as the price action itself. Capital moving out of equities and into <a href="https://www.thestreet.com/crypto/markets/trump-is-now-a-bitcoin-billionaire-heres-how-big-hed-get-if-he-went-all-in" rel="noopener noreferrer nofollow">bitcoin can</a> signal a shift in investor risk appetite across asset classes.
Money moving from stablecoins, however, points to funds already parked in crypto simply repositioning toward bitcoin, which some see as an early-stage indicator that more of that sidelined capital could follow.
Pompliano did not offer a price target or timeline in his post, but his comments add to a growing chorus of voices tracking on-chain flows as a leading indicator<a href="https://www.thestreet.com/crypto/markets/satoshi-era-bitcoin-wallet-tied-to-293b-lawsuit-moves-3m-after-15-years" rel="noopener noreferrer nofollow"> for bitcoin's</a> next move.
With stablecoin reserves still substantial across major exchanges, the question now facing traders is how much of that capital could still make its way into bitcoin in the weeks ahead.
<h3 id="trending-on-thestreet-roundtable">Trending on TheStreet Roundtable:</h3>
<ul>
 <li><a href="https://www.thestreet.com/crypto/markets/mcdonalds-deletes-viral-post-over-controversial-intern-claim" rel="noopener noreferrer nofollow">McDonald’s deletes viral post over controversial intern claim</a></li>
 <li><a href="https://www.thestreet.com/crypto/markets/xrp-healthcare-says-3-year-old-bug-drained-4011-crypto-wallets" rel="noopener noreferrer nofollow">XRP Healthcare says 3-year-old bug drained 4,011 crypto wallets</a></li>
 <li><a href="https://www.thestreet.com/crypto/markets/strategy-ceo-says-never-sell-was-just-a-marketing-slogan" rel="noopener noreferrer nofollow">Strategy CEO says 'never sell' was just a marketing slogan</a></li>
</ul>
Last week, billionaire Dan Morehead <a href="https://www.thestreet.com/crypto/markets/billionaire-says-bitcoins-next-3-year-bull-run-has-already-begun" rel="noopener noreferrer nofollow">said</a> that Bitcoin may be entering another extended bull cycle.
He argued that Bitcoin and crypto should increasingly be viewed as a macro trade rather than simply speculative assets. He pointed to continued money printing and weakening fiat currencies as factors that <a href="https://www.thestreet.com/crypto/markets/real-estate-mogul-predicts-bitcoins-20t-milestone-could-change-its-role" rel="noopener noreferrer nofollow">could benefit</a> hard assets such as Bitcoin.
Bitcoin was trading at $78,888 at the time of writing, as per <a href="https://app.decibel.trade/trade/BTC-USD" rel="noopener noreferrer nofollow">Decibel</a>.
<a href="https://www.thestreet.com/crypto/markets/if-you-invested-1000-in-gold-bitcoin-10-years-ago-heres-how-much-money-youd-have-today" rel="noopener noreferrer nofollow">Related: If you invested $1,000 in gold &amp; Bitcoin 10 years ago, here's how much money you'd have today</a>

Analyst warns Bitcoin rally isn't over, here's where money is flowing

Table of Contents

TheStreet Roundtable

Other articles published on Sep 9, 2026

Join our free newsletter for daily crypto updates!