BTC was supposed to rally as institutions, governments, and fund managers adopted it at record levels this year. What happened?

BTC was supposed to rally as institutions, governments, and fund managers adopted it at record levels this year. What happened?
“Crypto Czar” David Sacks is expected to announce the names of industry leaders who will join Donald Trump’s newly-formed advisory...
“Crypto Czar” David Sacks hosted a press conference with Republican congressmen to signal the intention to pass crypto legislation. Source...
Chinese abductions prompted Thailand’s government to cut off the electricity supply to crypto scam centers in Myanmar today. Source link...
The Enron art project took millions of dollars from victims on Tuesday with a failed memecoin that dumped 64% barely...