Now, another story I mentioned in the intro is the massive inflows that we're seeing into Bitcoin products. You can see some of it right here.
We've got GM from Switzerland. US Spot Bitcoin ETFs have purchased 18,991 Bitcoin over the past five trading days. Checks numbers. That's nine times the new supply in that period. That's not it. BlackRock drives 7-day Bitcoin ETF inflow streak as Bitcoin nears 80,000.
US listed Spot Bitcoin ETFs recorded a 7-day inflow streak totaling 1.9 billion with a B dollars. Now,
we've been talking about these ETF inflows for quite a while. What I find interesting this time is that we have this chicken and an egg debate in the Bitcoin space and markets all the time, which is, does price lead inflows?
Or do inflows lead price? Six, seven.
I didn't mean to do it.
Um, in this case, I think that we're having steady inflows regardless of what the price does. And that is a departure from the past. Usually, whichever one's leading, they track one another.
But we have had up and down days and volatility in Bitcoin price, even though we are once again pushing towards the high in this period. But what we've had is sustained inflows in the background.
And I I've told you many times, it's not just the ETFs that are going to keep consuming Bitcoin. We've got this guy.
Michael Saylor as MegaMaid. I don't even know if it's funny, but I like it and I'm just going to keep showing it.
I'm going to keep showing it. Spaceballs.
It's great. Michael Saylor buying billions of dollars of Bitcoin almost every single week and those who are tracking STRc will see that it's back up to 99.7, meaning it's just short of par. Once that stock is trading back above 100, he will be buying billions and billions and billions of Bitcoin a week until that premium
disappears. So what we have here is we have very transparent structural buying of Bitcoin on a daily basis that you can see
on chain and you can see through institutional flows. Now, the question is, when people run out of Bitcoin to sell, which I've told you is already happening based on supply on chain and what the biggest wallets are doing, what happens
when there's no balance, six seven, in in demand and supply.
Supply down, demand up, price goes up. I still think that's what's coming for Bitcoin, not financial advice, but I would not be surprised to see this popping up above 80,000 very, very soon.