While many doubt, Binance is executing a master plan. Today it was confirmed that the exchange has begun the official conversion of its SAFU (Secure Asset Fund for Users) fund from stablecoins to Bitcoin.
Key data:
The purchase: The first 1,315 $BTC (approximately $101 million) have been acquired.
The plan: Binance plans to convert a total of $1,000 million over the next 27 days.
The message: This move is not just administrative; it is a signal of institutional confidence in the long-term scarcity value of Bitcoin.
💡 My analysis:
Converting reserve funds to $BTC during high volatility is a play of "strong hands". If the largest exchange in the world prefers to back our security with Bitcoin instead of digital dollars, what does that tell us about the current market floor?
And what do you think? 🤔 Do you think this backing in BTC makes Binance safer or do you prefer the stability of stablecoins for emergency funds?
👇 I read them in the comments!
#Binance #BTC #safu #CryptoNews #Worldcoin
