If policy directed 1.5% of target-date fund contributions into Bitcoin monthly through passive vehicles, Bitcoin would experience passive-driven distortions even more extreme than the S&P 500, due to Bitcoin's perfectly inelastic supply (fixed quantity of 21M).
causalpending
Speaker
Dave NodicEvidence Quote
“if target date funds start throwing a percent and a half into Bitcoin every monthly contribution, you're going to see these effects even more in Bitcoin than you do in the S&P 500.”
Source
The Trillion Dollar Trap | Mike Green on Passive Investing's Fatal Design Flaw— Excess ReturnsCreated: 8/11/2026, 5:27:10 AM
My Notes
Loading notes...