In the first week of December, the bitcoin Santa rally seemed like a distant possibility for investors struggling to regain a bull-market perspective after three years of depressive price-action.But over the weekend, bitcoin showed the world that a new way of thinking is emerging — pioneered by none other than the grass-roots believers who made it all possible.Let’s dig in.Hours after tearing through $27,000 for the first time ever, bitcoin surged past $28,000 on Sunday morning as the pioneer crypto continued its market domination to surpass $500 billion in total market capitalisation.This month, bitcoin has left a string of broken records in its wake after passing the psychological $20,000 landmark for the first time on December 16th.Gripped by unrelenting bullish fervour, a religiously devoted grassroots following, and near-zero tolerance for legacy financial shenanigans, bitcoin holders have now glimpsed the peripheries of what ideas can achieve.The initial stages are arguably the hardest as bitcoin struggled for recognition — but those days are now gone as bitcoin has achieved the status of a macro institutional asset, and a cheap one at that.Indeed, you’d be hard-pressed to find any macro-asset class that isn’t valued in the trillions, and yet bitcoin’s market cap is still only half a trillion dollars.In light of this backdrop, institutional investors continue to drive the Santa rally. Anthony Scaramucci’s Skybridge Capita, MassMutual, and Guggenheim’s $5 billion macro funds are the latest institutional-grade investors to join their peers who entered the market earlier in 2020.Scaramucci believes that bitcoin is in the “early innings” of a bitcoin boom, the scale of which isn’t fully appreciated today. This weekend, early bitcoin evangelist Tim Draper — who bought millions of bitcoin at $800 said that he expected bitcoin’s price to increase ten-fold by the end of 2022 from here.With the year-end just around…