I think the institutions WANT to work with bitcoin because it's better for them then the alternatives, but they are still trying to figure out how to maintain as much control as possible and they haven't figured out the best way to do that. At some point they are going to have to shit or get off the pot, and I that day is near. You may be right, it feels like mainstream adoption is right around the corner, but it may still be 3-5 years away and we will have a big repeat of 2018. Either that or the cycles will flatten. I really can't be sure either way.
