Bitcoin's Stablecoin Surge Continues Unabated

Bitcoin's recent surge to $78,888 on September 9, 2026, has been fueled by a unique flow of money into the market. According to Anthony Pompliano, investors are converting stablecoins directly into Bitcoin, rather than selling public stocks to fund their purchases.

This operational dynamic suggests that the bullish momentum seen over the past month still has room to expand across the spot market. The balance of stablecoins on centralized exchanges remained at historically high levels at the start of Q3 2026, providing immediate liquidity without relying on traditional banking approvals or fiat clearing windows.

Pompliano argued that converting these instruments into Bitcoin marks the onset of an extended appreciation phase. This view aligns with recent assessments from other ecosystem fund managers, who note that cryptocurrencies continue to establish themselves as hedges against sustained fiat currency debasement.