Institutional adoption indeed growing, and many prominent just backed the BTC and crypto-industry. But they can’t erase the decade long negative press overnight. Bitcoin was the money of criminals, currency of black markets, and tools for money laundering, in every newspaper. These views proved false theories, but forgetting isn’t easy.
Right now, there are new kinds of fears, because most of the countries have no laws and rules at all, for cryptocurrencies. In the case of the brokerage, exchanges we experiencing a lack of legal framework, so it’s sure, they have not good enough customer protection, not like in the traditional financial sector. There is no institutional infrastructure because of no laws. The laws are necessary for the infrastructure, not for the Bitcoin itself. The majority won’t buy bitcoin from an ATM, they want secured ways.