Bitcoin's journey to the $100,000 mark has investors buzzing, but the real action lies in institutional adoption and derivatives markets. Futures open interest in Bitcoin has surged 15% recently, indicating growing interest. If Bitcoin hits $100,000, open interest could reach $62.5 billion, a significant slice of its potential $2 trillion market cap.

Institutional involvement is crucial. Spot Bitcoin ETFs could pave the way for sophisticated strategies, enhancing market growth. Meanwhile, corporate moves like Microsoft's Bitcoin allocation vote and Senator Lummis' proposal for a "Strategic Bitcoin Reserve" could be game-changers. Ultimately, Bitcoin's rise is more about adoption than derivatives.