Bitcoin has long been known for its sharp price swings, but recent data from JPMorgan suggests that this trend is beginning to shift.
The cryptocurrency’s three- and six-month volatility has fallen to historic lows, even as Bitcoin set new record highs in May, July, and August.
According to strategist Nikolaos Panigirtzoglou, this decline is linked to accelerating corporate accumulation of Bitcoin. He explained that corporate treasuries now hold more than 6% of the circulating supply, describing it as a form of quantitative easing led by the private sector in crypto markets.
Lower volatility has made Bitcoin more appealing as an alternative to gold, especially with the introduction of exchange-traded funds (ETFs) and futures contracts, which have attracted broader classes of investors.
Since 2020, Michael Saylor’s MicroStrategy has spearheaded this strategy, followed by major corporations like Trump Media, GameStop, and Japan’s Metaplanet, collectively investing billions into Bitcoin.
In July alone, public companies accounted for nearly two-thirds of all new Bitcoin purchases, potentially reducing the available supply for retail investors.
JPMorgan analysts note that this evolution could redefine Bitcoin’s role — shifting it from a high-risk asset into a more stable component within institutional portfolios.
On the policy side, the Trump administration has boosted confidence by removing barriers to include crypto in retirement plans (401(k)) and by permitting U.S. banks to issue stablecoins.
Notably, institutional adoption is no longer confined to U.S. firms. In Japan, Metaplanet has become a standout case, recently surpassing 20,000 BTC with plans to reach 30,000 BTC by year-end. The company is now among the world’s largest publicly listed corporate holders of Bitcoin, overtaking several well-known industry players.
This expansion in Asia highlights that institutional Bitcoin adoption has grown beyond Wall Street into a global phenomenon.
As for current market conditions, Bitcoin is trading below $109,000, reflecting a recent pullback. Most major cryptocurrencies also declined in tandem, dragging total market capitalization down to around $3.84 trillion. This underlines persistent caution across the sector amid global economic data and rising volatility.
