Today it is widely believed that Crypto has already entered the stage of institutional adoption or did that in 2021 already. But in reality institutional adoption is nothing that happens overnight and those billion to trillion-dollar worth of organizations are not here to be late on the next big investment opportunity.
We can expect that many of them had already bought into Bitcoin or even Crypto. One example of that may be from the “perma bulls” of Bitcoin, Micheal Saylor and Cathie Wood. Especially looking at Cathie Wood:
Quote from Cathie Wood about Bitcoin all the way back in 2015, picture from Pete Rizzo
Cathie Wood's had first invested into Bitcoin a whole 8 years ago, back in 2015 during the biggest Crypto bear market EVER. There she scooped up some BTC at a price level of about $200, all this whole literally no one believed in Bitcoin and those who did had already left amid the bear market.
During that she also phrased one of the first very bullish statements on Bitcoin comparing it to the internet for one of the first times.
Say what you want about her or Micheal Saylor, they may even just be in it for the money, but their unfazed conviction is something that even most normal investors did not have. They may be a lot of things, but definitely not paper-hands.