Yesterday, baby boomers bought $500 million worth of Bitcoin ETFs. Despite this, year-to-date net inflows remain slightly negative. To paraphrase a line from the movie *Goodfellas*, "It's a bad time." That said, if you traveled back three years and told a Bitcoin enthusiast that Bitcoin would reach $78,000 and the ETF's market capitalization would reach $100 billion, they might have said, "Awesome!" (because that would mean a 240% return, a 50% annualized return). Again, I think people are still underestimating how crazy 2023 and 2024 will be; a 464% increase is almost abnormal, and people's understanding is still evolving.