Bitcoin seeing strong flows from profit-takers to new buyers, says Pantera's Jiang

Market Trends & Investment Flows - Equity investors are embracing digital assets in a big way, leading to significant inflows into the crypto market [2] - Bitcoin ETF inflows have exceeded those into the NASDAQ since launch, indicating overwhelming demand [3] - BlackRock's Bitcoin ETF (IBIT) is approaching $100 billion in assets and is now their most profitable ETF [5] - Over 60% of investors still have 0% exposure to digital assets, suggesting there is still room for growth [8] Bitcoin & Alternative Digital Assets - Bitcoin is considered a better version of gold due to its digital nature, ease of transport, lower transaction costs, and global accessibility [5] - There is a potential for 10x plus upside in Bitcoin if it's valued closer to the gold market, which is north of $22 trillion [5][6] - Ethereum and Solana are growing rapidly as large tech platforms, with Solana potentially becoming the next generation mega-cap tech company [10] Digital Asset Treasury Companies (DATs) & Active Management - Digital asset treasury companies can trade above one times spoke due to active management strategies like acquiring assets constructively and staking through active DeFi, which generates excess yield [13]