So this is nonsense
Accounting for Grayscale out flows the net inflows into ETFs are about 29,000 bitcoins. The ETFs went live on Jan 11th that is 34 days including weekends and ETFs only trade on bankers hours.
Right now mining produces about 900 new bitcoins a day. 900 x 34 = 30,600 bitcoins. Meaning the ETFs gobbled up 94.7% of all newly mined coins.
The ETFs just launched they are in about 0% of 401Ks etc so far. They are only being bought by people with self managed IRAs and brokerage accounts right now.
With that said at this flow rate alone, by the time the halving comes and we drop to 450 a day which is a couple months out. This flow rate would eat 189% of all new bitcoins.
Given most of this buying is from money that could not otherwise buy Bitcoin, that is almost a double halving with zero growth from current flow.
This assumes that companies like Blackrock et al. spent billions to get the ETFs approved but now they are not going to market them hard, push them to money mangers, get them into 401Ks, etc. We all know that they are in business to make money, so they are going to push this hard after putting in so much work.
Long time preference is something the average idiot can't even consider right now let alone have. The math in this is so blatantly obvious that I can only assume that the author of this article is either a paid shill, an idiot or both.
