Bitcoin is going down until enough people realise that.

Either this, or the higher proliferation of bitcoin expands the number of people that are able to switch to the more native and open source solutions when things get worse, because they already made the first move.

It's unclear to me which effect will be dominant in 10 years from now and I'm unable to guess whether we will consider the institutional adoption as a good or bad thing.

One thing is clear to me - I remember the meme around 2017 that said "institutions are coming." Well, institutions are here now.