Bloomberg Analyst: The market has underestimated the strong bull run of the past two years, and the "Baby Boomer" generation is still buying Bitcoin ETFs

SmartContractAuditor · 2026-02-04T11:56:12+00:00

Bloomberg ETF analyst Eric Balchunas pointed out, "Baby Boomer" investors bought $500 million worth of Bitcoin ETFs yesterday, but the net inflow of Bitcoin ETFs this year remains negative. He believes the market is underestimating Bitcoin's future growth potential.

SmartContractAuditor

2026-02-04 11:56:12

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Odaily Planet Daily reports that Bloomberg ETF senior analyst Eric Balchunas posted on X platform stating, “Baby Boomer” investors bought approximately $500 million worth of Bitcoin ETFs yesterday. However, he pointed out that since the beginning of this year, net inflows into Bitcoin ETFs remain slightly negative and described the current stage as a “bad time.” Eric Balchunas also emphasized that if three years ago the market was told that Bitcoin could reach about $78,000 and ETF size could hit $100 billion, people would consider it a huge success (because it implies a 240% return and a 50% annualized yield). Therefore, the market still underestimates the up to 464% growth in 2023 and 2024, and the narrative is still catching up with reality.

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