The Bitcoin ETF created by Blackrock (IBIT) —iShares Bitcoin Trust (|BIT)— is already a giant of $76.3 billion that holds ~697 BTC, representing ~3.3% of the total supply of $BTC that will ever exist. They have accumulated it in just 18 months.
Larry Fink, the CEO of Blackrock does not need to go out preaching $BTC . The passive flows into IBIT are already wrapped in the halo of coded and silent hyperbitcoinization.
A reminder: they launched the SPY ETF of the S&P500 in 1993 for a value of $6.5 billion. It is now worth >$580 billion.
Try the exercise of applying that growth curve to IBIT understanding that the supply of $BTC remains fixed. Now try to set the price of each satoshi on Earth. Does it give you a very high number?
Remember: imbalances between SUPPLY and DEMAND can only be resolved through price.
