I want to keep this post short and just put an idea out there.
These are the Bitcoin ETFs filed in the last 2 weeks and the amount of assets their managers hold.
Blackrock - $10 Trillion Fidelity - $4.5 Trillion Invesco - $1.49 Trillion Wisdom Tree - $87 Billion Valkvrie - $1 Billion
Collectively these asset managers, hold 16.078 trillion dollars.
The entire market cap of Bitcoin is 595.7 Billion, thatβs 3% of 16 trillion.
The entire crypto market cap is 1.23 Trillion. Thatβs 13 times smaller than 16 trillion.
Now imagine these asset managers only relocated 8% of their liquidity into cryptoβ¦. That would double the entire market capitalization!
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