[00:00] Realistic Adoption Model: Nazarov challenges the unrealistic expectation that mainstream adoption means everyone selling all real estate, gold, and stocks to buy only Bitcoin, arguing this 100% portfolio allocation scenario won't happen.

[00:14] 5% Portfolio Allocation Target: He identifies the realistic path as cryptocurrency growing from sub-1% to 5% of investor portfolios across asset managers, sovereign wealth funds, and retail investors.

[00:20] Million Dollar Bitcoin Math: The 5% portfolio allocation level across mainstream finance would mathematically drive Bitcoin to $1 million per coin, providing a concrete price target based on adoption metrics.

[00:28] Tokenization as Next Growth Phase: Beyond crypto allocation, the industry's next major stage involves tokenizing all other portfolio assets—real estate, stocks, gold—onto blockchain infrastructure.

[00:37] Industry Growth Direction: Nazarov emphasizes that tokenization of traditional assets represents what the blockchain industry is actively driving toward as its primary growth catalyst.