I'm waiting for it. When institutions buy bitcoin it puts more money into the hands of enthusiast's which they will use to back their favourite tokens. With the first pumps we will see more fomo and the stupid money piur in to chase gains while the long terms holders sell high and reinvest when the markets crash back down.
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That is a very good point. When an institution buys a bitcoin, they have to buy it from somewhere. That somewhere is from someone already involved in crypto, be it an exchange, a miner, a hodler etc... and they in turn may the use that cash to buy something else in crypto.