Maybe they're just easily excited?

Bitcoin becomes more useful at storing & moving value, the more it's monetised. The super cycle is still coming. It is inevitable.

I would prefer that individuals adopted bitcoin before the institutions. Many could do this now & would benefit from doing so.

I suspect that the cheering of this institutional interest is part of a last ditch effort to get individuals to see the opportunity. I'm not going to be too devastated if bitcoin does 1000x in value over the next cycle.

Let the games begin.

Bitcoin doesn't care.