...this from Ryan Dinse, newsletter.
If you want to understand how frenzied this year’s Bitcoin buying has been, check out this amazing chart:
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| 2 | Source: Bitwise |
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This compares inflows on a year-by-year basis into Gold vs Bitcoin ETFs after they were first approved.
ETF inflows into Bitcoin are
literally off the chart since trading launch and more than 10 x times bigger than Gold in Year 1.
Bitcoin plays in a totally different league.
Or how about this statistic just days after the US election ended:
The day after Trump won, US Bitcoin ETFs bought 17,880 Bitcoin.
It was the largest daily inflow in history.
It’s clear, a lot of people potentially agree with me and think Trump is going to flick the switch on 20 January.
That is, he’ll make the announcement to set up the ‘US Strategic Bitcoin Reserve’ — as part of one of his election promises.
With the intent to make Bitcoin part of the national stockpile. It goes without saying, this is extremely bullish for Bitcoin.
Nation-states around the world will take notice and could quite probably, follow suit.
We’re talking anIMMINENT SUPPLY CRUNCH THE LIKES OF WHICH WE’VE NEVER SEEN BEFORE.
70 years ago, in the 1940s, only the riskiest speculator had any allocation to equities in their portfolio.
Bonds, money in the bank, and maybe some commercial property, were the only sensible investments for investors.
Fast forward to 2,000 and US Pension Funds had 61% of this portfolio in equities.
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| 2 | Source: Disruptvestor |
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