Bloomberg analysts: Market undervalues the strong bull market of the past two years; baby boomers are still buying Bitcoin ETFs.

According to Odaily Odaily, Eric Balchunas, a senior ETF analyst at Bloomberg, wrote on the X platform that baby boomer investors bought approximately $500 million worth of Bitcoin ETFs yesterday. However, he pointed out that net inflows into Bitcoin ETFs this year are still slightly negative, describing the current phase as a "bad time." Balchunas also emphasized that if the market had been told three years ago that Bitcoin's price could reach approximately $78,000 and ETF size could reach $100 billion, people would have considered it a huge success (because it would have meant a 240% return and a 50% annualized yield). Therefore, the market is still underestimating the 464% growth projected for 2023 and 2024, and the narrative is still catching up with reality.