Bloomberg Analyst: The market has underestimated the strong bull run of the past two years, and the "Baby Boomer" generation is still buying Bitcoin ETFs

Odaily Planet Daily reports that Bloomberg ETF senior analyst Eric Balchunas posted on X platform stating, “Baby Boomer” investors bought approximately $500 million worth of Bitcoin ETFs yesterday. However, he pointed out that the net inflow of Bitcoin ETFs has still been slightly negative this year and described the current stage as a “bad time.” Eric Balchunas also emphasized that if three years ago the market was told that Bitcoin could reach about $78,000 and ETF size could hit $100 billion, people would have considered it a huge success (because it implies a 240% return and a 50% annualized yield). Therefore, the market still underestimates the up to 464% growth in 2023 and 2024, and the narrative is still catching up with reality.