Thanks for the reply.

I completely share your view on the institutions holding BTC.
They represent an interest that the governments and regulators actually care about, but also their holdings show that they take it seriously as a hedge or method of increasing profits.
The tricky part is that they are able to spur on movements in value if they hold enough, or at least that's what I assume.

I never saw the utility for the NFT craze. I was surprised by some of the people/groups I saw jump onto it, and there could be a legit use-case for it in the future.
Digital art simply doesn't translate the way owning physical art does, at least for now.

I've considered the idea that it could be used to retain ownership/propriety for digital works that are then shared online, and I could see that becoming a problem in some scenarios too.
Makes me think of that European bill that would have made memes a liability.