The impact of the entrance of the so-called institutional money can soon be felt in the bitcoin market and in my opinion this is huge and can even be the main factor for the continuing rise of the price of bitcoin. I am predicting that next year is the year when this part of the market will really boom and explode pushing bitcoin to the "moon".
Institutions are here already. Institutions like Fidelity are setting up the infrastructure so that they can sell coins to their clients.
Most of the buying that we have seen in the last couple of months were very likely institutions taking positions in this market, which focused mainly on Bitcoin. If it were the retailers and shitty crypto funds, the market as a whole would move up simultaneously where altcoins as always went up twice as hard, which they haven't really been doing lately.
I'm sure that when we smash through $20,000 people will still be like; they're coming.