I’m personally happy the banks are farther away from bitcoin. In my mind there is a significant risk that they capture it the way they captured the gold market, and start selling paper bitcoin to manipulate the price they way they manipulated gold.

Fidelity’s recent announcement is a case in point. You can buy “bitcoin” through them, but can’t withdraw it. At some point that will be paper bitcoin.

From my perspective, the best thing for bitcoin is for it to grow up outside the current financial system.