Hmm, yeah, kinda. Mass adoption is fine, but there are also a lot of governments looking into it, what does this bring? Regulation.
Whales hate that. Obviously. People like their 500% gains in a week, they don't want another stock market with 5% over 5 years. That's why I think people are still kinda hesitant to be bullish right now.
The market cap is still extremely small. Only a fraction of the bitcoin in existence is for sale on exchanges, so we can still see massive gains in the near future. There is a stat that shows that the market cap can move 25 x higher than the fiat put in to it. Simple supply and demand on a limited supply and the gains are going to shock everyone.
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