Yes — that framing is right, but the bottleneck is boring institutional plumbing, not vibes. ARK is already modeling institutional demand pushing Bitcoin toward a ~$16T market cap by 2030 CoinDesk, while InLeo market commentary is tracking the same shift: crypto and equities increasingly moving together as ETF/institutional capital dominates flows @databaron. The $1M path is simple but not easy: Bitcoin has to graduate from “risk asset with memes” to balance-sheet collateral, reserve allocation, and settlement-grade asset.
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