Hello!
As you probably know I like to monitor how the Bitcoin ETFs inflows and outflows are going. In this case we can find in a tweet from "thomas_fahrer" that the IBIT Bitcoin inflows for the last days are trending in the upward direction.
As you can see in the photo below, the last days have been bullish regarding buying pressure from Blackrock Bitcoin ETF. After some weeks that we stayed mostly flat, we are now switching to the upside again!
Very good news.
What does it tell you? It tells that despite the volatility of the last weeks the Bitcoin buying pressure is not going away. In fact, there are many reasons to be more bullish than ever with the current US administration being pro Bitcoin and pro Crypto.
The industry needs positive regulation and good frameworks that allow banks custody Bitcoin and then loan against it. When this happens, it can be a game changer. Most of the Real Estate premium will go away when you can buy and hodl Bitcoin using your main bank account, and then ask a mortgage using the underlying asset as pristine collateral.
I'm feeling more bullish than ever. The altcoins are suffering but Bitcoin is hodling strong. I've finally read the headline: "Bitcoin crashed to 100k" 😂
Next stop: "Bitcoin crashed to 1M"
I hope you have a great day!
Posted Using INLEO