Excellent focused analysis again!
It could be that many of us in this (Crypto) community have unrealistic expectations about how long adoption will take. Whatever "adoption" means.
We are experiencing a momentous paradigm shift.
Such shifts have not occurred often in human history. Think of the printing press, electricity, television as examples.
The complications here involve direct threats to Governments anywhere - the ability to control (manipulate) exchange rates and levy tax.
What about impact on Paypal, Visa, Mastercard, Facebook et al.
Then there is privacy.
Will quantum computing crack encryption?
Brave new world we participate in folks.
RE: Why have Institutions been slow to warm up to Bitcoin?