📌 WHO IS CURRENTLY SUPPORTING BITCOIN?
📊 BlackRock believes that US public debt and budget deficits are driving money flows toward scarce assets like gold and Bitcoin to preserve value.
👉 ETF inflows are also showing positive signals: the Bitcoin ETF recorded $2.8B in net inflows after 8 consecutive sessions of gains. IBIT also had an extremely strong trading week with about $18.5B in volume.
📈 Recently, Bitcoin and gold have outperformed stocks, while concerns about US public debt and the purchasing power of fiat currency continue to grow.
⚠️ If this trend persists, Bitcoin may increasingly be seen as a scarce asset and a store of value, rather than merely a risk asset. ETF flows will be an important indicator to keep monitoring.
👇 HOT COINS TRADING HERE 👇
$MOVR
$HEMI
$PROM
📊 BlackRock believes that US public debt and budget deficits are driving money flows toward scarce assets like gold and Bitcoin to preserve value.
👉 ETF inflows are also showing positive signals: the Bitcoin ETF recorded $2.8B in net inflows after 8 consecutive sessions of gains. IBIT also had an extremely strong trading week with about $18.5B in volume.
📈 Recently, Bitcoin and gold have outperformed stocks, while concerns about US public debt and the purchasing power of fiat currency continue to grow.
⚠️ If this trend persists, Bitcoin may increasingly be seen as a scarce asset and a store of value, rather than merely a risk asset. ETF flows will be an important indicator to keep monitoring.
👇 HOT COINS TRADING HERE 👇
$MOVR
$HEMI
$PROM
