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[Coinsfera]

So, let's summarize. The price of bitcoin is growing because institutionalists see bitcoin not as a speculative instrument, as it was before, but as a long-term investment, investing in bitcoin is now strategic. Against the background of institutional interest, Bitcoin is also being revealed as a means of payment. Many large companies add it to their platforms, which also has a beneficial effect on its price. Experts predict an influx of other institutional investors and further massive adoption of bitcoin.

Yes, the role of the institutions is undeniable in the process of the price increase. They did not just make an investment in Bitcoin, they made a great precedent about investing in Bitcoin. Also, the investment decision played an important role in the wide adoption of individuals. They saw that institutions invest in Bitcoin why should not I? So institutions invested also promoted the Bitcoin.

[bryant.coleman]

This is not the only institute, but there are some more individuals here who contribute to the development of bitcoins.

As of late a Mexico's second most extravagant individual named "Ricardo Salinas Pliego" put their 10% in bitcoins and afterward, he says that crypto is the best way to secure your wealth.
All the individual who uses the bitcoin is contributing to the development of bitcoins.

I have seen a lot of people make this claim here in Bitcointalk and it's not accurate.

Ricardo Salinas Pliego didn't put 10% of his wealth in Bitcoin. He is worth around $13 billion and that would have meant an investment of $1.3 billion (at that time it would have accounted for 100,000 BTC).

What he said is that around 10% of his liquid assets are in Bitcoin. And there is a huge difference between total assets and liquid assets. For most of the billionaires, liquid assets represents 1% or less than that of their portfolio. Unfortunately fake news factories such as Coin Telegraph twisted the news and presented it as Mr.Pliego having 10% of his total wealth in the form of BTC.

[fillippone]

<…>

What he said is that around 10% of his liquid assets are in Bitcoin. And there is a huge difference between total assets and liquid assets. For most of the billionaires, liquid assets represents 1% or less than that of their portfolio. Unfortunately fake news factories such as Coin Telegraph twisted the news and presented it as Mr.Pliego having 10% of his total wealth in the form of BTC.

I tend to agree on the above, total wealth is very different from financial wealth, that is again different from liquidity. Of course the 10% of the above measures can vary greatly, as, as you said, I don’t expect any millionaire leaving their wealth on the deposit account.
Actually the world richest man, Elon Musk, once said he consider himself cash-stripped.