On four previous occasions, Bitcoin spot ETFs have each recorded net inflows exceeding $1 billion. Each one has coincided with a local price top for Bitcoin shortly afterward. • 12 March 2024: 1,045B ($73,000 - 2 days before March ATH) • 11 November 2024: 1,114B ($88,000 - 1 week local top) • 21 November 2024: 1,005B ($99,000 - 2 days before a local top) • 17 January 2025: 1,072B ($110,000 - 3 days before a local top).
The greatest disconnect in capital markets now and in the future will be between Bitcoin talent and the demand for jobs. As Bitcoin enters the mainstream, demand for talent will grow outgrow Bitcoin’s CAGR.
For anyone that lives in the UK: The residence-based IHT rules came into force on 6 April 2025. It seems like it’s closer to a wealth tax in function, but they also carry exit tax-like features.