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Interesting observation from the Bloomberg analyst crowd - baby boomers and older investors are actually stepping into bitcoin ETFs now. Apparently there was a $500 million net inflow yesterday alone, though the year-to-date picture is still in the red overall.
What caught my attention is how the narrative around bitcoin has shifted. Two years of nearly 5x returns is pretty wild, and comparing it to where we were three years ago, the ETF ecosystem has grown massively. The analyst mentioned we're in a tough phase right now, but honestly, the fact that this older demographic is even considering crypto through ETFs shows how much the perception has changed.
The market is still playing catch-up with what's already happened price-wise. Makes you wonder if this baby boomer participation is just the beginning of a broader shift in how traditional investors view bitcoin as an asset class.