TechFlow News: On February 3, Eric Balchunas, Senior ETF Analyst at Bloomberg, posted on X stating that “baby boomer” investors purchased approximately $500 million worth of Bitcoin ETFs yesterday. However, he noted that year-to-date net inflows into Bitcoin ETFs remain slightly negative and described the current phase as a “bad time.” Balchunas also emphasized that if, three years ago, the market had been told Bitcoin’s price would reach roughly $78,000 and Bitcoin ETF assets would swell to the $100 billion level, it would have been viewed as a tremendous success—implying a 240% return and a 50% annualized return. Thus, the market still underestimates the staggering 464% growth achieved in 2023 and 2024, and the narrative continues to lag behind reality.
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