/biz/ - Business & Finance

>where the fuck is all this money coming from
boomers
>how much is left to go?
look at gold's MC

>Seriously where the fuck is all this money coming from
American boomers, the richest and most powerful demographic in human history >and how much is left to go?
We're just getting started

>>57985507
Larry gave the go ahead for other BLK-managed fonds to begin investing in the etf as well.
So... the money is nearly endless. As their customers keep investing their gains as well.

>>57985531
>>57985533
Are boomers really buying btc,.I find that hard to believe, every boomer I know hates BTC with a passion

>>57985568
they don't hate blackrock

>>57985568
The boomers buying are the ones you don't see. It ain't Hank Hill.

>>57985507
Why are we staying stable while all this cash is flowing in?

>>57985507
>how much is left to go?
at least 1-2 more years of this

>>57985600
btc is up like 80% since the etfs launched

poison drink

>>57985606
Is it safe to say the ETF has a greater effect on pricing then the Halving

>>57985568
Most people aren't vocal about their opinions or investments.

>>57985568
In some cases boomer money will flow into bitcoin without them even being aware of it, as it will just be apart of a diversified strategy they are not managing themselves. They will like bitcoin just fine after they discover they have some in their portfolio and its doing well.

>>57985662
well that's weird because we are following the exact path of the previous cycles

>>57985507
It'll keep coming in as long as people have an income. Welcome to the new normal.

>>57985662
Its like having two halvings this year yes.

I mean 1) regular halving which effects supply and 2) ETFs which effect demand. The "shock" of the ETFs seem like it could be equivalent to a regular halving.

>>57985600
Because theres still sellers

>>57985507
Blackrock holds 4 trillion dollars worth of assets. Their current BTC holdings worth 15 billion barely make it into their top 50 (0.38% of their portfolio). Tradfi's capital is another order of magnitude above the crypto space. institutions are aiming for maybe 1% of their portfolio.

>>57985568
Boomers jerk their dick off to anything seen on BlackRock, vanguard, etc. They see anything not seen on those as scams prefers to pay their cuck 1% portfolio service fee.

>>57985531
btc 10x

>>57985531
Soon the boomer will change their gold ETF for the bitcoin ETF

>>57985825
probably not, but a 5x? sure
>>57985859
meh, partially

>>57985568
Boomer here. I go around at work and tell everybody that I think its a scam. At home I secretly have been accumulating for 10+ years and have 8 figures of crypto wealth, that I will not share with my family after death.

Never trust a boomer. Even me.

>Another Billion inflows into BTC ETF
Relatively this is nothing

>>57985679
???? Everyone has been commenting about we exceeded the prior ATH ahead of the halving.. Seems like quite the difference to me.

>>57985905
fake. let me guess you are leaving it all to charities for migrants after your death.

Who actually invests in ETF bros

>>57985971
No, in true boomer fashion he will spend every dime on slots

>>57985980
Imagine wasting your time watching charts all day. Just dump money into an ETF with 0.03% commission and sleep risk free for 40 years while spending your time doing more interesting things in life.

>>57985971
>Seems like quite the difference to me.
no it's not. You are looking at the Y axis which is irrelevant. The price is not programmed, the halving is. Just look at this and you'll see this is nothing, we are right on track just like every other time

>>57985971
>>57986011
Not sure if I will leave it all to my Filipino housecleaner, or just take the keys with me. My kids and wife don't know shit about it, but they are spoiled and ungrateful.

>>57985507
There are literally trillions of dollars sitting in bonds due to high interest rates. Once the rates go down all that money flows into the stock and crypto market.
The FED doesn't really want to lower rates because the sp500 and BTC are pumping like mad. They don't like that the market is frontrunning them, they want to buy in cheap. I suspect they are manipulating the CPI to be higher than it actually is. Truflation says the US is below 2% inflation, and I trust those guys more than the FED. It was the other way around at the pandemic, Truflation showed way higher inflation than what the official CPI showed.

TL DR: The FED are jew niggers and are trying to crash the market before lowering rates which is what will kickstart the actual bullrun.

>>57986046
Then maybe you should be a better father. That attitude is from indifferent parenting in which you don't teach your child the value of labor or the dollar. You're actually a POS that you would make future generations of your progeny suffer because of an attitude problem that started from you and your wife to begin with.

>>57986108
nice reddit response to an obvious LARP
faggot

Gold market cap is FUD.

You guys still don't get it do you? 900 trillion dollars of wealth in assets, like real estate and S&P, most of the value of those assets it the store of value premium not their utility value. Bitcoin will eat into all other assets.

You think anyone under the age of 60 is ever buying houses again as a store of value? No, they'll invest everything in Bitcoin and houses will fall to their utility value only. S&P will no longer be mostly zombie companies surviving on debt, they'll be demonetized by Bitcoin.

Whats the NAV of the Bitcoin etf?

>>57986225
I can get only so hard. BTC gonna do a 100x from here.

>>57986225
I agree but just for the long term...

Flipping gold this bull run could be considered within the possible range of a "normal" BTC cycle. Continuing to run higher and eat into real estate premium and demonetizing zombie companies... I think that's exceedingly bullish for this cycle and we will enter bear mode before that happens. But still in the longer term it can play out like you say. I guess it depends if one feels this will be the last "big one" bull run.

>>57986299
>the last "big one" bull run.
Hard to imagine bigger inflows than blackrock and pension funds. I guess nation states?

>>57985568
Boomers buy the bitcoin ETF, the ETF has to have bitcoin under management. Do you think Blackrock just pretends to own bitcoin?

(don't answer that)

>>57985825
10x is an underestimate, there's a huge store-of-value premium tacked onto other assets like real estate that will also flow into Bitcoin. This will also have the benefit of making housing more affordable.
>>57985871
Do you have any reasoning behind your "ehhh nah but maybe 5x" comment besides vague handwaving? I doubt it.

>>57986516
kek, do you? saying something is valuable doesn't translate into knowing the exact target. To me is insane to think BTC will take 100% of gold's market cap, which would be a 10x

>>57985825
Gold’s market cap is just the beginning. Get a whole coin while you can.

>>57986319

nation states are already secretly buying

>>57985507
a lot of mutual funds are adding 1-2% of BTC for diversification purposes
the ETF format allows easy Funds of Funds management

>>57985568

Na. Pension fund money and the like are being moved into the etf to raise the value of the etf n they hold BTC, which goes up too and is Xfer across borders to purchase up assets outside the states.

Dumbass.

>>57985533
>American boomers, the most cucked and impotent demographic in human history
FTFY

>>57987005
cope and seethe, millennial nigger
boomers fucked and sucked this earth and barely left you with the sloppy seconds

>>57985568
they probably don't understand what they're buying, they think their bitcoin etf is a separate regulated blockchain hosted by blackrock's servers or something

>where does it come from
Printer.
>how much is left to go?
All of it.

>>57986562
Yes, my reasoning is that Bitcoin is a competitor in the store-of-value field, and as the best competitor it will win over time against all others such as gold, real estate, and the S&P 500. Each of these assets have different pros and cons against each other as imperfect stores of value, while Bitcoin has none of those imperfections. I don't propose an exact timeframe for this to happen, so I'm not saying 5x is a terrible guess for "this cycle" but in the long term it'll be wayyyyy more than that.

>>57987110
oh well yes, if we are talking like 2033 sure, no one knows
maybe we'll have an even better store of value by then, impossible to say

>>57986615
lol, the American government was the largest confirmed owner of bitcoin post 2013 through confiscation, their sales have served to suppress the price over time

>>57985507
A billion is literally nothing to americans
It's like a grain of sand on the beach

>>57987110
faucets gave tens of coins, secured by a captcha
coins were handed out in hundreds on forums
could've been mined for basically free
still crazy to believe it's almost worth $100,000 a coin today

>>57987110
Biz has a history of mocking bitcoin's store of value narrative, so some of those anons will still make idiotic scoffing noises if you mention it. They basically assigned their own meaning to the "store of value" phrase and used it as a strawman to gloatingly invalidate over and over again. And they ignored any other possibility of meaning for it.

Example:
>"Bitcoin is volatile and still has bear cycles still, therefor it isn't and can't be considered a store of value!!!
Or another example:
>"My shitcoin copied some of the ideas of bitcoin, therefor its claim of being store of value is just as valid and important as bitcoin's. Therefor since bitcoin isn't special, it won't continue to grow its dominance".

>>57985719
S-STAHP!!
i can only get so hard...

>>57986046
>just take the keys with me
do this

>>57985568
The vast majority of people don't manage their own investments. You've got fund managers and FAs who now have access to a new avenue of investment, they tell their clients about the risk, and the client says ok we can do 5-10% in btc.
Simple. There are many more billions left to funnel in. Anyone on the sideline is getting sweaty palms and the prospect of an investment that seemingly only goes up will attract all but the most stalwart boomers

>>57987094
Kek came here to post same pic. How is it that still no one understands that $1 billion is just a drop in the bucket compared to the pic related.

>>57985825
S-SILVERSISTERS?

>>57987205
I lost at least 100 BTC playing hi-lo back in the day, thank you for reminding me of this fact, will put you in the suicide note.

>>57986225
>900 trillion of dollars in wealth assets
BS
It's max 450 trillion world wide
And no one is to tell if the rest of the world will partake in the bitcoin momentum, too many dumb boomers and millionairesses out there
Although it's well known the saudis are already looking deep into bitcoin, so I give you that.

Also as a fellow realistic man, I can guarantee you bitcoin could never in one million years reach 500k this cycle
which would be like 7x
So let's be realistic, bitcoin will probably do a good 2-3x from now max.

Google next gay ass woke ai trash 100k software engineers raped by Satoshi

>>57985568
Boomers opinions are given to them, fucking Fidelity and other investment companies overnight started to tell them to allocate 3-5% of their portfolios to crypto and they are following instructions

>>57985600
You mean why aren't we up 5% all day everyday?
Usually bitcoin will have massive corrections. We're not seeing massive corrections (yet).
The recent days where bitcoin is stable after a pump--those would have been days in past cycles where we would have semi-crashed.

>>57985531
FPBP

>>57985662
The ETF approval has created a demand shock.
The halving will create a supply shock.
Both will significantly affect the price.

>>57985679
This is the first time Bitcoin has reached an ATH pre-halving, and it is almost entirely due to the demand shock created by ETF inflows.

>>57986046
Take the keys with you. Lowering the circulating supply will help every anon here.
Apparently, Michael Saylor plans to do this as well.

The bear will leave its cave forever

>>57985797
But btc etfs aren't on vanguard

>>57985568
Obviously they are not.
They portfolio managers and banks are doing it. Boomers don't even know how to access their online bank account without being scammed.

>>57989423
Vanguard CEO got shitcanned("resigned") for it this week, they will have a BTC ETF soon

>>57985568
My gf showed her boomer work colleague a cropped pic of my portfolio and she was absolutely enthralled with LINU and the other "exotic" coins I have there (top 50 coins).

Apparently she is holding BTC, ETH, SOL and some other normie coins. So some boomers are definitely into bitcoin and crypto

>>57989527
Get the fuck out of my board, shitcoiner
Every single time we make a bitcoin thread, you guys come out of the bushes to tell us how many shitcoins you own, no one cares
How many btc do you own?

>>57989527
>look how SHINY my shitcoin collection is everyone!!! exotic for normies!
goofball

>>57989527
You have the 80% of the catalog filled with your spam pajeet, respect the boomer coin thread at least.

How many btc does an American need to make it this cycle?

>>57989527
>heh dude look at this dog token i spent $500 on
What do normies think when they are told this?

>>57989777
Checked

>>57985507
Ukraine aid package

>>57985531

>>57986056
Are we topping then? Move to cash?

>>57989996
>brainwashed pol tourist
Ukraine package is nothing other than giving American companies money to produce goods on American soil

>>57985568
my dad is a boomer and has never touched crypto before, but he's really into stocks, with a 7 (maybe even 8) digit stock portfolio.
Earlier this year, he approached me (knowing I'm gambling with crypto) and asked me whether I still believed BTC would flip gold one day.

>>57987307
>My shitcoin copied some of the ideas of bitcoin, therefor its claim of being store of value is just as valid and important as bitcoin's. Therefor since bitcoin isn't special, it won't continue to grow its dominance".
True though

>>57990288
>is just as valid and important as bitcoin's.
no
what would happen if I created amazon 2.0

>>57987094
Why is this allowed? It's literally infinite money hack meanwhile if I take a can of beans from the local shop without paying for it I'm thrown into jail to be gangraped by a pack of high melanin dosaged feral individuals

>>57985507
Just an infinity amount of money 2 go

>>57990442
> can of bean
People pay for their BTC too.