Major institutional players are reshaping the Bitcoin landscape through regulatory changes and large-scale allocation strategies. Florida's retirement system, which oversees $200 billion in assets, now has the green light under HB 1039 to allocate up to 10% of its portfolio to Bitcoin—potentially unlocking $20 billion into BTC alone. Texas already moved on this opportunity, acquiring $5 million in Bitcoin ETFs, while Michigan disclosed its significant Q2 2025 retirement fund positions in crypto assets. What makes this particularly bullish for the market? Pension funds operate on fundamentally different timelines than retail traders. These institutions don't chase quick exits—they accumulate and hold for the long haul. When you combine massive capital inflows from retirement systems with the conviction that long-term holding creates natural supply scarcity, Bitcoin's current $91k level begins to look like the early stages of an institutional supercycle. The structural shift from skepticism to compliance-approved allocation could redefine how we think about Bitcoin's role in diversified portfolios.