Eventually, Blackrock's total assets under management will consist of 99% #BTC   .

How will that happen?

1) Blackrock clients who understand Bitcoin buy some #BTC   ; the price goes up slightly.

2) Other clients start seeing what's happening to Bitcoin's price and choose to allocate a small amount to Bitcoin; the price starts rising faster.

3) Clients start selling other assets to buy Bitcoin (why bet on the slower horse?); the price starts rising even faster.

4) Clients now start fearing that they missed out on being able to buy 1 BTC, so they start selling entire portfolios to accumulate Satoshis. Price goes parabolic while everything else drops when priced in Bitcoin.

$1.5M real estate portfolios are worth ~30 BTC today. Within 20 years those portfolios will be worth 1 BTC or less.

When investors (who only care about total return and don't claim to be worried about cash flow) start figuring out what's going on, we will see tons of supply of stocks and real estate come to the market.

In those 20 years, we're going to see A LOT more houses owned by the occupant and real estate investors panic selling their 10-20 properties to get their hands on 0.5 BTC.

Today, they can buy 0.5-1 BTC as a hedge for their $1M portfolio, but they won't because their ego won't let them.

Blackrock clients will probably be the first ones to get out of all these legacy assets.

Retail investors who think they know better than Blackrock will be the ones left holding the bag.