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Millionaires Suddenly Realize Buying $105B Worth of Bitcoin Is Kind of Like Trying to Own a Horse Without Actually Living on a Ranch

Crypto NewsCyprusFeatured Cryptobro October 21, 2024

A illustration depicting a person holding an overflowing briefcase labeled 'Bitcoin' with dollar signs and coins spilling out from it, surrounded by horse figurines in various states of disarray (some broken) on a vast open landscape resembling a ranch.

In a stunning display of ‘I’m-rich-and-I-own-a-Porsche-but-still-not-smart-enough-to-understand-blockchain’, European investors have poured a record-breaking $105 billion into US Bitcoin ETFs – because who needs financial literacy when you’ve got a solid portfolio and a decent Instagram following? It’s like that one friend who still thinks Dogecoin is the next big thing, but with more money.

Source: cointelegraph

European investors pour record $105B into US Bitcoin ETFs
https://cointelegraph.com/news/european-investors-record-105b-us-bitcoin-etfs
European investors have allocated a record amount of capital into spot Bitcoin exchange-traded funds (ETFs) in the United States. Europeans have invested over $105 billion in spot Bitcoin (BTC) ETFs year-to-date (YTD), marking an all-time high. The record European ETF flows were shared by Eric Balchunas, a senior ETF analyst at Bloomberg, who wrote in an Oct. 21 X post: International ETF flows to the US. Source: Eric Balchunas Growing […]

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The content presented on this site is intended solely for entertainment purposes and should not be taken as factual or reliable information. This site employs satire and humor to discuss global news, current events, finance, and cryptocurrency. The views expressed here are not meant to be taken seriously and do not represent the opinions of any individuals, organizations, or entities discussed.

Please be aware that the content may be exaggerated, fictionalized, or otherwise altered to create a comedic effect. It is not intended to provide financial advice, make accurate predictions, or offer any serious commentary on current events or financial markets.

Readers are encouraged to verify any claims or statements with credible sources and should not make any decisions based on the information provided here. This blog is not responsible for any actions taken based on its content. Always consult a qualified professional before making any financial or investment decisions.

Please do not hesitate to contact us if you have any questions or concerns.

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