I agree with you on bitcoin’s adaption. If you just look at Apple as a company, it’s only matter of time when it reaches $1 trillion market cap. Just the cash they have on side can buy entire crypto market with some cash still left. But that’s just hypothetical thought. At the end definitely institutional investors are lagging. At some point there might be some already involved including many “billionaires”, but it’s obviously still not enough. Remember crypto market is still at its beginnings. The best way is to compare it to internet and dot com bubble. Institutional investors are still nervous and afraid to invest in crypto. As you mentioned, crypto market needs some kind on regularities to assure institutional investors about its safe and mostly profitable ways. They don’t think like most of us do “I invest only what I can afford to loose”, they can’t afford to loose a dime. Anyway, once bitcoin and overall crypto adopts (and I mean in every single way including friendly user), institutional investors will eventually start investing in cryptocurency. One more thing when it comes to bitcoin, as long a bitcoin remains main trading currency for exchanges, it will always be the leader. At the end there is still sooo much to talk about bitcoin’s adaption, about institutions, bitcoin futures, ETF’s... that you would literally be able to write a book about it.