crypto is an anti establishment technology it's arguably good for crypto if the establishment opposes it. We dont want them to coopt or embrace it... but blackrock already has so the rest will fall in line
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Blackrock is arguably one of the worst. And it wouldn't be a tough argument.
I definitely don't want them running crypto. But I also don't like them making it hard for us to exist. I don't like them acting like it's the same as their speculative assets either. It's very clearly something different.
Luckily Blackrock doesn't know what they are doing yet and they will fumble through the first cycle.
If we are very lucky they fuck around and find out and get absolutely crushed by the bear market.
Oh! That would be good!
But they're already in, so if we're unlucky they become Skynet or OCP.