#Bitcoin ETFs broke $3 BILLION net inflows in just one month.
It took the Gold ETF 2 years to do that.|
This #Bitcoin cycle is set to follow the familiar pattern of past ones. Expect surges of FOMO and excessive leverage fueling a bull market, leading to an unsustainable bubble, followed by widespread liquidations and capitulation in the subsequent bear market. It's a recurring narrative.
Bitcoin ETFs allow holders to use Bitcoin as a collateral and gain access to credit and leverage in the traditional markets. The few billion dollars of liquidity that's coming in today will be nothing compared to what's coming when more institutions begin to understand this.
CPI 0.3% MoM , Exp. 0.2%
CPI Core 0.4%, Exp. 0.3%
CPI 3.1% YoY, Exp. 2.9%
CPI Core 3.9%, Exp. 3.7%
US inflation falls to 3.1%, higher than expectations.
Stacking sats is easy. Staying humble is going to be the hard part.
A hypothetical $100k #Bitcoin could spark widespread curiosity, driving mainstream adoption & education. Imagine the millions intrigued & eager to understand its potential beyond a simple price tag.
As Bitcoin supply nears its limit, how will ETFs evolve? One bold idea: advise major merchants to prioritize Bitcoin payments, boosting adoption & utility. Could this unlock future growth? #Bitcoin #ETFs #BitcoinAdoption
ETFs are buying 12.5x more #bitcoin per day than $BTC network can produce
Please don't sell your precious #BTC just because it's reached a psychological price milestone. ETF funds & the wealthy won't suddenly stop buying #Bitcoin because of this. Remember, for the rich & those near the fiat printing, $50k is nothing, feels more like $5K to them, a bargain.
Blackrock's #Bitcoin ETF now holds 95,276 #BTC, up 7,497 from yesterday. THIS IS THEIR BIGGEST DAY SO FAR 🤯
Their total holdings are now worth $4.7 BILLION.
Blackrock now holds 0.4537% of the total supply of BTC.
900 BTC are issued per day. In April this will drop to 450.
Yesterday, Blackrock clients bought 8.33x the newly issued supply.
Many normies won’t buy #bitcoin before they’re saying on TV that they should buy it!
Turns out the right #bitcoin strategy was always just:
Buy the rumor. Buy the news. Buy the dip. Buy the pump.
Wall Street is in the process of figuring out that #Bitcoin goes up forever.
Another day, another huge inflow to bitcoin ETFs led by IBIT. Fund flows now strong enough to offset futures liquidations, and that's just one month in
#Bitcoin performs its first ever golden break before the #Btc halving 👀
Maybe this time will be different? 🤔
Grayscale Bitcoin outflows have stabilised under $100m per day as inflows into the other 9 #Bitcoin ETFs are around $400-$600m per day.
Are boomers having #bitcoin FOMO? or is it institutions?
Stack sats, do push ups, run a full node, and hold your own keys.
The Moscow Stock Exchange has stopped all stock market trading. (Reuters)