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“Baby boomers saved Bitcoin”: Eric Balchunas
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Crypto Prune > Market > “Baby boomers saved Bitcoin”: Eric Balchunas
Market

“Baby boomers saved Bitcoin”: Eric Balchunas

22 minutes ago 3 Min Read

analyst senior Bloomberg ETF CEO Eric Balciunas used a tongue-in-cheek tone to highlight the strength of Bitcoin (BTC) in the face of global instability. ” baby boomer generation They are coming back to help,” he said after observing large inflows into the U.S.-listed spot Bitcoin exchange-traded fund (ETF).

From February 24th to March 2nd, 2026. These financial instruments resulted in a net profit of $1.5 billionThis has allowed the price of Bitcoin to remain stable mainly in the range of $66,000 to $68,000.

This is despite the outbreak of war against Iran between the US and Israel on February 28th. As CriptoNoticias explains, this type of event typically causes large fluctuations in assets that are considered “risky.”

“Nearly all of the 10 spot ETFs are moving, which means breadth and depth,” Balciunas emphasized, adding that he is “impressed” with the capital absorption capacity of these products in the face of external selling pressure.

This flow of funds occurred after the price of Bitcoin fell 50% from its all-time high reached in October 2025.

” commentsbaby boomer generation “To the Rescue” is how an older generation of investors (perhaps those who invest the most through regulated and accessible vehicles such as ETFs) Acting as a counterweight to geopolitical uncertainty. «baby boomer generation» is a term for people born between 1946 and 1964.

By demanding shares in these funds, ETF managers (including financial giants like BlackRock, Grayscale, and Fidelity, among others) are required to buy Bitcoin to back their funds, causing the price of the underlying asset to rise due to supply and demand dynamics.

See also  Bitcoin of $250,000 this year is completely possible

Balciunas emphasizes that ETFs played a key role in driving Bitcoin to all-time highs in 2025. Additionally, he said the ETF helped keep Bitcoin away from the “$15,000 crash” (referring to the crash it suffered in 2022) and removing the “stench of Sam Bankman Fried” (referring to the founder of the bankrupt FTX exchange). Therefore, according to his theory, baby boomer generation They have bailed out Bitcoin many times.

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