00:00 Speaker A

JP Morgan pegs 2026 crypto inflows near 50 billion.

00:06 Speaker A

Momentum building into Q4. They actually extrapolated this forward forward saying that they think that we will have an annualized pace of roughly 66 billion, which could actually increase if the bull market progresses.

00:18 Speaker A

So obviously, when they talk about float into Bitcoin, this is not all in ETFs. This is combining fund flows, future-based movements, venture funding, and purchases by corporate treasuries and miners, which is interesting.

00:36 Speaker A

We talk about purchases by miners. Actually, I wouldn’t be surprised if we look to see that miners have sold more Bitcoin than they’ve bought as…