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RE: How much institutional demand is there really for crypto?
Yes and depending on your bank, sometimes you have to write a letter or give a phone call as to why you want to move a decent sized chunk of change. It is my money, why should I have to write you a letter and tell you what I want to do with my money?!
I've heard about that when people are buying houses and things. It's really fucking stupid and none of their business. Everyone talks about guilty until proven innocent...but that's not really the way of the world. Everyone assumes everyone has the most nefarious motives.
It gets pretty absurd when you are moving your money from one account to another account at the same bank... needless to say I will be closing both accounts shortly.
That makes it easy when FIAT crashes. :P And when the banks won't give out any money anymore, because they're leveraged so highly that if even a small percentage of people take their money out, we're all screwed.
Of course, that happening isn't highly likely, since banks are convenient. Even when you put your money into crypto, it's just transferring it from one bank to another.