From 2009 to 2025 retail treated BTC like a toy. Asian whales included. 21 million cap. About 4 million already gone. Hard drives in landfills. Passwords forgotten. Runescape bets. Game money. It was a speculative asset. That part was real. Now the size is big enough. Institutions call it mature. BlackRock. Fidelity. MSTR. Same layer that already owns the stock market and holds the veto. They will absorb most of what is left this cycle. Retail looks at that and says it is too late. Then goes back to memes and 100x leverage. Nothing in this world changes. BTC will not save a poor man from being poor.