So, Bitcoin’s been doing this little dance lately — Monday it popped from $84,000 to almost $90,000. Now it’s sitting pretty at $91,328, up 2.85% in just a day. Yeah, big whoop. It’s like your annoying cousin bragging about finding a quarter on the sidewalk.
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Compared to traditional stuff—like US treasuries that have been about as reliable as weather forecasts—Bitcoin’s been strutting its stuff a bit better. Gold hit $3,500 an ounce, so it’s shiny and fancy, but Bitcoin’s over here flexing too, like it just lifted a dumbbell once.
Still, Balchunas isn’t sold. He’s basically saying: “Let’s not throw the party just because the DJ played one decent song.” Will this growth stick? Who knows! Maybe Bitcoin will hang with the gold crowd one day, maybe it’s just a guy who wears socks with sandals.
Oh, and Bitcoin ETFs are suddenly the hot new thing. The inflow is higher than your uncle’s blood pressure at Thanksgiving. Matthew Sigel from VanEck says Bitcoin’s breaking up with US tech stocks. They’re no longer “Netflix and chill,” more like “It’s complicated.”
Bitcoin’s price is doing its own thing, not following the NASDAQ’s sad little slump. This is rare – like spotting a unicorn, or, you know, Larry David cracking a smile.
Now, Ecoinometrics pops in to say, “Hey, without steady investments, Bitcoin’s party might fizzle out.” Basically, Bitcoin’s keeping up the act, but someone’s gotta keep buying tickets or this whole circus is done.
Meanwhile, CoinShares points out there was still $146 million leaving the building last week. People want in but are still tiptoeing like it’s lava. So yeah, Bitcoin’s kinda like your ex — you’re interested, but you’re not jumping back into the fire just yet.
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2025-04-22 21:43