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Blackrock and other pension funds are having a constant inflow of cash, from the people pensions that they manage. I think the math above most likely is not aplicable, as they will not sell other assets to buy BTC, but will start to allocate a share of the monthly income to BTC. We will get a constant new buyer of BTC from people pension money.
They can decide to realocate some other assets to BTC, but again most likely this will be a slow process.
RE: Blackrock ETF will be the catalyst