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.
I'll agree that dude to the price of Bitcoin being higher currently, it may not be very easy to see price doubling it more in a bull run, but not for this current bull run since it's not over yet and we've seen almost a double of the previous ATH.
Still we cannot be entirely conclusive on that fact since more institutions are getting interested and would be adopting in subsequent bull runs. My major concern is that the more such institutions purchases in bulk, if triggers more wins for centralization against the decentralization if it was individuals adopting it at such margin.