Well, isn't involvment of bigger companies in blockchain technology an improvment? I am laughing at CNBC or other news peeps that are saying "blockchain is good technology, but stay away from Bitcoin", like whaaaat? Bitcoin is first thing built on that technology guys...
For sure companies, some persons can control BTC but... still transactions there are anonymous, they do not know how much money you own. And what they are trying to do is to force ppl to make payments with wire transfers - why? They can exactly know how much money You own, that is somehow frustrating for a lot of people.
As I think FIAT and crypto will co-exist, and with future, where we will see bigger adoption of cryptos we also will se lower volatility of them. Bitcoin is first but not the last, inventions will come and I am sure will make a lot of lives simplier and I hope whole world better place. :)
exacly
They know exactly how much money you own if they control your fiat-to-btc exchange.