$GLD held the record for multiple decades for fastest ETF to $10B. Did it in just under 3 years. $IBIT just did it in 7 weeks.
@Scaramucci It’s easy to do $10 at 43k - 60k price point. How many #bitcoin is that? Take that $10B and then figure out how many ounces that took to reach $10b and then change price per ounce to $43k oz just for shits and grins and see what you come up with.
@Scaramucci @scottmelker This is a good tweet mooch 🍻
@Scaramucci To be fair, there are a lot more fiat in the system nowadays.
@Scaramucci Gold also ~4Xed over that time. x.com/lylepratt/stat…
@Scaramucci Gold also ~4Xed over that time. x.com/lylepratt/stat…
Truly fascinating to witness the rapid growth and adoption of $IBIT in the ETF world. This accelerated pace reflects the evolving investor sentiment and the dynamic nature of our financial markets.
@Scaramucci You adjust those numbers for inflation? Ofcourse not. Bad stat my dude.
@Scaramucci A billion here, a billion there. Pretty soon we are talking about real money! 🚀
@Scaramucci Put another way, it did it in 1/5th of the time. To hell with “did you adjust for inflation” BS, that works both ways geniuses! It’s the velocity and how voracious the move has been!