As a seasoned crypto investor with a keen eye for trends and an ear to the ground, I’ve had the privilege of witnessing the evolution of traditional finance (TradFi) embrace the digital realm. My journey began way back in 2013 when Eric Balchunas, a name now synonymous with crypto analysis, caught my attention with his prophetic tweet about Bitcoin ETFs. Little did I know that his words would prove to be a harbinger of things to come.

Eric Balchunas and James Seyffart occupy a prominent position within the conventional finance sector, specifically Mike Bloomberg’s extensive news, data, and analysis enterprise. In the crypto sphere, particularly during the early months of 2024 when the approval of bitcoin exchange-traded funds (ETFs) by U.S. regulators was highly anticipated, their insights on cryptocurrency were indispensable and widely sought after.

In their regular work, they scrutinize everything related to Exchange-Traded Funds (ETFs). For several weeks or even months, bitcoin became the most intriguing topic for them. Balchunas and Seyffart found themselves in the thick of social media debates, using popular memes to inform both novices and experts about whether the highly anticipated products would be a “yes” or “no”. (They accurately predicted a “yes”.)

Balchunas caught a very early glimpse of how intense the buzz around bitcoin ETFs could get, tweeting way back in 2013: “Crazy: Just the mere reg filing of a bitcoin ETF has already gotten more press/tweets than the dozens of new & useful ETF launches combined.”

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2024-12-10 19:09