Adoption never looks like hockey-stick charts or universal wallet adoption. It looks like Michael Saylor's treasury strategy—one institution at a time, solving a specific problem (balance sheet hedging), not converting the masses. Real adoption is boring: it's El Salvador's chivo wallet sitting at 70% penetration but used mainly for remittances, not daily coffee. It's not 'everyone owns Bitcoin,' it's 'Bitcoin solves this one thing better than the alternative for this specific group.' We imagine viral moments; adoption is actually institutional patience and regulatory clarity grinding forward over years.