Most all of the Tradfi money will never make it over. It was all fake to begin with anyway.
So WHY won’t the tradfi money make it over? HOW / WHY exactly is the money / value trapped in Tradfi?
Because some managers and Funds are obligated to own Bonds and Fixed income products by their investors. Like 10% of their portfolio for example must be allocated to Bonds. That in recent history has been just burning money but they are obligated to own it . Now MSTR offers them something (convertible bond offering) in that space that actually performs and managers will buy up every offering that they possible can.
Unless the owners of those funds (pensioners. employees, retirees) actually go in and sell their retirement funds and move it themselves (never going to happen). That money will never be ported into the bitcoin universe, it will be permanently stuck in Tradfi land. The wealth is fake there. It's fake numbers. Fake money.