As per cryptoquant, the next wave of institutional adoption will come from Spot Bitcoin ETF. The decision is being delayed by SEC. It is expected to have an inflow of 150 Billion $ of fresh money which could increase the marketcap by 450 Billion to 900 Billion. That being said the bitcoin price could jump to 50k – 70k.
Source : https://docsend.com/view/vzu8bmu5uh5d2dv6#