Hello!
While Germany is making history by selling the hardest money (Bitcoin) instead of printing more fiat to buy it, the ETFs are accumulating big.
I use to monitor the inflows and outflows from the apolllo website:
Yesterday the Blackrock IBIT Bitcoin ETF got net inflows for 3,300 Bitcoin, a big number compared to previous days. In addition, the total net flows of all the ETFs reached more than 5,500.
We have to go back more than one month to see a bigger daily inflow.
You can see the historical chart here:
This means that whoever is buying these ETFs is buying the dips, and it's buying the dips hard. Seeing inflows when theres a big amount of sell pressure is very positive.
It means that the investors are not paper handed, they are not willing to sell at these prices, instead they show clearly their intentions. They will be buying any dip until we get above all time highs.
The journey to new all time highs is going to be longer than expected. I particularly don't care if it takes more than this year to get over 100,000$. I am convinced that we'll get there eventually, and if I have to bet it will be in 2024.
Everyday more people is joining the Bitcoin revolution, once they are in, they don't go back to the fiat world. The Bitcoin rabbit hole is so deep that when you are in, you can't escape. Similar to black holes, there's a point where it's impossible to escape.
I hope you are already in with me.
The world is changing in front of our eyes, people is starting to realize that fiat is doomed.
They will come, we'll see massive inflows of money. Be prepared when this happens.
I hope you had a great day.
Enjoy!
Posted Using InLeo Alpha
