Why It’s a Very Good Time To Be Bullish on Crypto
We’re currently witnessing the first legitimate, institution-led rally in crypto’s history.
There are a good many things to be bullish about in crypto right now. The most obvious of which is the fundamentally absurd volume of inflows into spot Bitcoin ETFs.
Yesterday alone BlackRock’s IBIT generated fucking $493 million worth of new inflows, which for the innumerate among us is just short of half a billion dollars. That’s half a billion dollars worth of inflows into a single fund, in a single day.
In total, Bitcoin ETFs saw $631 million in inflows on February 12. This is insane. It’s almost insulting how little this statistic is being bandied about across the social media platform formerly known as Twitter.
And don’t just take it from me. Take it from Foobar, who’s correctly predicted that if flows keep up this kind of momentum, it’s not unreasonable to expect new all-time highs for Bitcoin within the next 45 days.
