IBIT has ~200k bitcoin in ~40 days.

Some small nation state buying 1btc a day is cool but the volume will never come CLOSE to blackrock alone.

This is arguably the most bullish narrative we will see in a long time. I don’t care about small villages buying Bitcoin. All adoption is good and it’s good they are able to liberate themselves. But very, very few countries can provide the buy pressure IBIT alone is creating.