I suspect it's going to become increasingly normalized for people to put some fraction of their retirement accounts (perhaps 3% - 10%) into crypto, now that there are ETFs. I'm not saying the supply of new money won't eventually get exhausted, but there's still a ton of untapped boomer wealth out there that has yet to flow in.
No the open-minded young see the potential, buy the asset while it's cheap and the slow pension funds in the legacy financial system eventually catch on and buy in with much larger quantities, pumping the value as they do so.
The boomers' pensions will effectively fund the pensions of the young who will be living off the 0.1BTC that they bought at $3000 but which is later worth $1M by the time they retire.
