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.
The market doesn't care what institutions like or what they dislike, and these institutions do not control the market to decide what bitcoin price movement is going to look like, now and in the future.
We are not even at the peak of this cycle yet, but bitcoin has already set an all time high of around $124,000. There is still a possibility of reaching $150,000 or more in this cycle. I don't know what you mean when you say bitcoin is turning into an ordinary asset, because i feel the exact opposite, it is becoming an asset that everyone wants to own, including institutions and countries.