I think that the chase for institutional money will be the wonderful unicorn of bitcoin, that will always stay close but never caught. There will be officials like Lawsky who try to pump BTC for their personal gain and there will be plenty of promises that "just couple of more steps, and we're there..." but there will always be "unforeseen circumstances" that'll stop the red carpets from rolling.
...and while BTC waits for the red carpets, it continues its boring 23.5% per month ascent that it has been doing 5.25 years, institutional money or not. Yawn.
Yeah, BTC isn't bloated at all, and it isn't pumped to these heights, on the presumption, that the future holds institutional investments.
All we have to do is look at the chart history, and we know everything. We don't have to consider the changes in environment or critical thresholds that need to be passed for further development. Just let's all look at the trend history and expect that the trend will be the same no matter of influence. Not like this method would only work with very specific markets that have stable predictable factors. Doh!
Then we could all just draw lines and get rich without any knowledge, experience or education. It would be awesome!
At first, I thought that you are an capable manipulator, and that is the reason on why you constantly pour honey into the ears of the novice, talking about "the certain trend reversal". But when I started to hear these wonderful talks about your new accommodation endeavors, then I realized that you really are as dumb as you look.