TL;DR
- Large investors have accumulated more than 34,000 Bitcoins, valued at approximately $3.2 billion, following the recent price correction.
- Despite a 15% drop after reaching an all-time high, investors have seized the opportunity to buy BTC at prices below $95,000.
- Thailand is implementing a pilot program in Phuket to allow BTC payments, aiming to modernize its tourism economy without modifying its legal framework.
Large investors are accumulating considerable amounts of Bitcoin after the recent correction that occurred in the past few days. This behavior indicates a certain level of confidence in Bitcoin’s potential for recovery and long-term growth. The accumulation exceeded 34,000 BTC, worth approximately $3.2 billion.
The correction, which occurred after reaching an all-time high of over $108,000 per BTC, was driven by interest rate cuts from the U.S. Federal Reserve. Despite a drop of about 15%, large investors took advantage of the opportunity to accumulate BTC in smaller increments, seeking purchases below $95,000.
2025: A Key Year for BTC
At the same time, some believe that 2025 could be a decisive year for Bitcoin. Projections suggest a potential rally in its price. Experts point out that the adoption of pro-crypto policies under the new U.S. presidential administration and greater acceptance of BTC by nation-states could be key factors in this new phase of growth. Analysts predict scenarios where Bitcoin could exceed $150,000 and, in the best-case scenario, reach up to $400,000.
Thailand Integrates Bitcoin into its Economy
On the other hand, Thailand is promoting a pilot program in Phuket to allow Bitcoin payments, aiming to modernize its tourism economy. This initiative seeks to provide tourists with a digital payment alternative while keeping transactions within the country’s existing legal framework. Tourists will be able to operate through a Thai exchange and use it for local purchases, with a compensation system that will convert transactions into Thai baht.
The project in Thailand could lay the foundation for Bitcoin to play a central role in its economy, especially in tourism-oriented sectors. If successful, it could set a model for other nations interested in exploring the benefits of cryptocurrencies without making drastic legal changes
