MaynardCapitals (maynardcapitals)
1 Followers
Recent casts
Top casts
Bloomberg - Eric Balchunas shared: BlackRock's Bitcoin ETF ($IBIT) is only about 2 billion USD away from reaching the 100 billion USD mark of managed assets (AUM), officially becoming the most profitable ETF in the history of BlackRock. To make it easy to imagine, Vanguard S&P 500 ETF ($VOO) took 2011 days to reach this milestone, while $IBIT only took ~435+ days. The growth rate is really amazing. 🚀
- 0 replies
- 0 recasts
- 1 reaction
Since 2020, S&P 500 has increased by 106% in USD, but compared to Bitcoin, the performance of this index is about 88% lower. For example, $100 invested in S&P 500 will become $210, while the same amount invested in Bitcoin will be nearly $1,474. S&P 500 is a low-risk, diversity index, representing the 500 largest companies in the United States. Bitcoin is a single, volatile, smaller capitalization and decentralized scarcity-based digital asset.
- 0 replies
- 0 recasts
- 0 reactions
BTC.D is currently at 59.3%, the highest in nearly 2 months. When dominance is still above 59%, cash flow is still focused on Bitcoin - a typical sign of the early period of the bull market. If BTC.D maintains >59%: Altcoin will only increase in waves, it is difficult to have a big breakout. If BTC.D pierces 58.48%: This will be a true rotation signal, confirming that the cash flow begins to leave BTC to flow to alts.
- 0 replies
- 0 recasts
- 0 reactions