Bloomberg analyst: 'Baby Boomers' bought around $500 million Bitcoin ETF yesterday, market still underestimates strong bull market of the past two years According to TechFlow, on February 3rd, Eric Balchunas, a senior analyst at Bloomberg ETF, posted on X platform that "baby boomer" investors bought about $500 million worth of Bitcoin ETFs yesterday. However, he pointed out that the net inflow of Bitcoin ETFs this year is still slightly negative and described the current stage as a "bad time". Eric Balchunas also emphasized that if we were to go back three years and inform the market that Bitcoin prices could reach around $78000 and ETF sizes could reach $100 billion, people would consider it a huge success (because it means a 240% return and a 50% annualized return). Therefore, the market still underestimates the growth of up to 464% in 2023 and 2024, and the narrative is still catching up with reality.