Completely agree that the newly accelerated involvement in institutional investors can indeed alter the Bitcoin chart and value from what its fundamental relationship has been with its user adoption rate going back 8 years. However, I would be very surprised if two months down the line its price can sustain any growth if that adoption rate remains flat or continues to decrease. There would just really mean its growing based on air. And before now it really had been growing in response to actual adoption. Like this quote I had in a follow up blog: Fundamentals will never go away - they can only take temporary vacations.

Thanks for taking time to read the article and I really appreciate your thinking through this with me as well. I am also trying to learn and reason through this as well and your perspective was quite helpful.