Pro-Bitcoin Trump Survives Assassination Attempt | Britcoiners by CoinCorner #135

Transcript

Recently, there's been a significant surge in Bitcoin ETF inflows, particularly over the last few weeks. Initially, when the ETFs launched, there was a strong inflow because of the excitement around these new financial products and the resolution of some issues with Grayscale. After this initial surge, there was a bit of a slowdown, which was expected as the market settled. But then, surprisingly, we've seen a resurgence in these inflows. I thought it would follow the typical pattern where there's initial traction, then a slow drop-off into a plateau, and then it just sort of matures. But what we're seeing here is an initial pump that everyone expected, then a slight downflow, but now it's coming back up.

The inflows for July have been mostly positive, apart from a couple of very small outflow days. We've seen days with 75 million, which is on the smaller side, but most days are seeing 100 to 150 million, with some days hitting 200 million. In the last three days, there's been 300 million, 300 million, and 400 million, which are bigger than a lot of the early days when we first kicked off. This ties into what you were asking earlier about why there's been a resurgence. I think part of it is that as more people add Bitcoin ETFs to their offerings, we're going to see this continue. Everyone anticipated at the beginning that it was going to take years for this to really flow in, but when you couple that with the Bitcoin market dynamics, it seems like a rollercoaster. It died off, plateaued for a bit, and now it's coming back as the price has recovered.

You've also got other factors in play, like the German government selling $3 billion worth of Bitcoin, which caused a dip before they even sold because people were panicking and speculating that the price would drop. But now, after they sold, it's jumped around a bit and then recovered, coming back with heavy inflows. We haven't seen an increase in advertising from the ETF providers recently, so it's not that. It could be the market still flowing into these products as part of the initial surge.

And there's also the impact of political factors, like Trump being a big supporter of Bitcoin. People might be predicting that Bitcoin prices will continue to rise up to the presidential campaign. If Trump wins, they think it could go up even more, so the ETFs are likely paying attention to the political landscape and the potential for rate cuts, which are looking more likely. It's a mix of all these factors creating a positive environment for Bitcoin ETFs.

It's quite rare for an ETF to launch, go crazy at the beginning, then die off and plateau a bit, and then come back so strongly. The traditional models of ETF performance just don't apply here because Bitcoin is so different. If you compare it to other ETFs, Bitcoin's is the biggest ever, and it's gone through this cycle where it spiked, dipped, and is now going crazy again. For those in traditional finance, this is rare and unexpected. They didn't necessarily understand Bitcoin's potential, but now they're seeing the impact. It's still trickling into traditional investment circles, even though it's only been around for just over six months. So, as the price moves, you're going to see more inflows and volume coming through.