- A bloomberg bitcoin analyst argues that global markets do not fully recognize the strength of Bitcoin’s long-term rally.
- Despite Bitcoin’s price volatility, it has shown consistent upward growth over the last two years.
- ETF expert Eric Balchunas emphasizes that the market underestimates Bitcoin’s structural rally, viewing it as fragile.
A bloomberg bitcoin analyst has sparked fresh debate by arguing that global markets still fail to fully recognize how powerful Bitcoin’s long-term rally has been. While price action continues to grab headlines, deeper investor sentiment appears stuck in the past. According to Bloomberg ETF expert Eric Balchunas, the disconnect between Bitcoin’s performance and market perception is especially clear as older investors steadily increase their exposure through spot Bitcoin exchange-traded funds.
Balchunas, who closely tracks ETF flows, highlighted that Bitcoin’s strength over the last two years has been remarkably consistent. Despite periods of volatility, the overall trend has remained firmly upward. He notes that this sustained growth is not being priced in correctly by the broader market, which still behaves as if Bitcoin’s rally is fragile or temporary rather than structural. In a recent post on X, Balchunas revealed a striking data point: so-called “baby boomer” investors poured roughly $5 billion into Bitcoin ETFs in a single day. That figure alone suggests a quiet but meaningful shift in investor behavior. However, he also pointed out that overall ETF inflows for the year remain slightly negative, underscoring how uneven and cautious sentiment still is.
This contradiction is at the heart of the issue, according to the bloomberg bitcoin analyst. On one hand, Bitcoin has delivered performance that most asset classes would envy. On the other, many investors continue to act as though the asset has yet to prove itself. Balchunas describes the current phase as a difficult stretch for fund flows, where skepticism lingers despite strong historical returns. To put the situation into perspective, Balchunas offered a simple thought experiment. If someone had predicted three years ago that Bitcoin would be trading near $78,000 today, the claim would likely have been dismissed as unrealistic. Add to that the idea that spot Bitcoin ETFs would collectively manage close to $100 billion in assets, and the disbelief would have been even stronger. Yet both scenarios are now close to reality.
From a performance standpoint, the numbers tell a compelling story. Balchunas estimates that Bitcoin’s rise over this period represents a gain of roughly 240%. When broken down annually, that translates to returns approaching 50% per year. By traditional investment standards, such results would normally be celebrated as exceptional. Still, the bloomberg bitcoin analyst argues that sentiment has not caught up with these facts. Many investors remain hesitant, focusing on short-term risks rather than long-term trends. As older investors continue to accumulate Bitcoin ETFs quietly, Balchunas suggests the market may eventually be forced to reassess its assumptions—and fully acknowledge the scale of Bitcoin’s bull run.
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