But institutions don’t like high volatility. That means crypto enthusiasts should forget about Bitcoin doubling in price after every halving. Crypto is gradually turning into a more ordinary asset, much like stocks or forex.
In as much as I agree with you that institutions might have actually changed some certain aspects of bitcoin I will say it was actually expected that bitcoin will most definitely get big institutions and even government coming into it with all the advantages that it actually has. With the adoption rate of bitcoin either institutions or not it was clear that bitcoin will be having reduced volatility gradually because of the high market cap that it will grow too. That’s what it was definitely destined for.
Bitcoin isn’t a Ponzi scheme that was designed to actually make people rich. Its first advantage was to safeguard value unlike other currencies or assets that devalue over time. So while expecting less volatility because of the institutional involvement let’s accumulate more now. More over it was expected to be in high demand in future because of its scarcity but bitcoin was never going to be a high volatile currency right from the start