Yesterday I saw an interesting statistic from Eric Balchunas about Bitcoin ETFs: baby boomers have recently invested 500 million dollars in these funds. Like, the older crowd is really getting into the crypto market, huh?

But here’s the curious detail: despite this volume of investment from baby boomers, the net flows for the year are still negative. In other words, more people are selling than buying. It’s like that strange moment where you see movement, but the market still feels a bit confusing.

The analyst commented something that made a lot of sense: if someone had said three years ago that Bitcoin would reach $78,000 and ETF assets would hit $1 trillion, it would be celebrated as a total victory. That would represent a 240% return, about 50% per year. But now the market is a bit skeptical, even with baby boomers entering. It seems the growth potential is still being underestimated, considering that from 2023 to 2024 we saw a 464% explosion. Reality is moving faster than the narrative.