Bitcoin's $123K Break: The $60B ETF Inflow is Now Confirmed as a Macro Hedge, Not Speculation

Bitcoin's rally past $120,000 confirms the "supercycle" is driven by institutional capital seeking a true macro hedge against central bank policy gridlock.

1) The $60 Billion Anchor: Cumulative inflows into U.S. Spot Bitcoin ETFs are approaching $60 billion. This steady demand provides a foundational bid for the asset, cementing Bitcoin's narrative as a "digital gold" reserve.

2) The Policy Gridlock Thesis: The U.S. economy faces a dilemma where Core CPI remains stubbornly high at 3.1%. This persistence complicates the Fed’s path, reinforcing the long-term investment thesis for non-fiat, deflationary assets.

3) The Untapped Pool: Despite these massive flows, retail is estimated to account for 80% of current spot ETF flows. This means the majority of traditional institutional capital is still largely untapped, strengthening the long-term projection towards $250,000 by 2026.

Is the persistent 3.1% Core CPI the primary reason you are forced to view BTC as a hedge, or is the future $3 trillion institutional AUM projection the only number that matters for the long-term price?