I still think all this is not essentially different. What really would be "This time it is differentTM" is adoption. Have we forget we dreamed about average Joe knowing about Bitcoin and actively using it? Is Lightning network less important then large institutions?
It is just another asset for them, they can drop it as easily as they started playing with it. After real adoption by the masses they would have no choice.
I'm not saying their money is not important, this pump is funded by them obviously, what I'm saying is their money is not making it really different than 2017 pump.
The thing is, it's hard to find another asset which is appreciating the way
BTC does in current situation. Scarcity and stuff....
Real adoption by the masses? R u sure we need it? How many of your friends/relatives are hoarding precious metals?