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Reading: “Baby boomers rescued bitcoin”: Eric Balchunas
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“Baby boomers rescued bitcoin”: Eric Balchunas

March 3, 2026 3 Min Read
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"Baby boomers rescued bitcoin": Eric Balchunas

The analyst senior Bloomberg ETF CEO Eric Balchunas used a joking and sarcastic tone to spotlight the power of bitcoin (BTC) within the face of worldwide instability. “The child boomers They’re coming again to the rescue,” he mentioned after observing huge inflows into spot bitcoin exchange-traded funds (ETFs) listed in the USA.

Between February 24 and March 2, 2026, These monetary autos amassed $1.5 billion in internet revenuewhich allowed the value of bitcoin to stay steady, largely in a variety of 66,000 to 68,000 {dollars}.

This regardless of the outbreak of warfare between the USA and Israel towards Iran on February 28. Occasions of this sort often generate robust volatility in property thought-about “dangerous”, as CriptoNoticias has defined.

Balchunas highlighted that “virtually all ten spot ETFs are in movement, which implies breadth and depth,” including that he’s even “impressed” by the capital absorption capability of those merchandise within the face of exterior gross sales pressures.

This circulate of capital comes after a 50% drop within the value of bitcoin from its all-time excessive reached in October 2025.

The remark of “child boomers to the rescue” highlights how older era buyers (presumably those that make investments essentially the most by regulated and accessible autos akin to ETFs), are appearing as a counterweight to geopolitical uncertainty. «Child Boomer» is a time period that refers to folks born between 1946 and 1964.

By demanding shares of those funds, ETF managers (together with monetary giants akin to BlackRock, Grayscale and Constancy, amongst others) should purchase bitcoin to again the funds, driving the value of the underlying asset because of the dynamics of provide and demand.

See also  Strategy to reduce STRK offering due to $25 billion below target price

Balchunas highlights that ETFs have performed an vital position in taking bitcoin to the all-time highs reached in 2025. Moreover, in line with him, ETFs had been chargeable for retaining bitcoin away from “the break of $15,000” (referring to the autumn suffered in 2022) and for having eliminated “all of the stench of Sam Bankman-Fried” (referring to the founding father of the bankrupt FTX trade). Due to this fact, in line with his concept, the child boomers They’ve bailed out bitcoin a number of occasions.

TAGGED:Bitcoin (BTC)ETFFinanceLatestMarketPrices and Trading
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