The fiat whales are basically just future Bitcoin whales, there's no excluding them, and they're going to ruin Bitcoin just like they ruined banking and the fed. It's not a prediction, it's a fact.
Discussion
What you're saying will most likely become true if bitcoin wasn't limited to 21 million.
If I remember the stats correctly, 55 million millionaires will be fighting for 21 million bitcoin (but the vast majority of the 21 million is already gone!).
It's not a fight if they have something people want, which they certainly do. Whether it's power, influence, opportunity, all of the above; they're accustomed to getting what they want and you can only disagree because you can't imagine what that's like.
I don't need power or influence, and got my opportunity in bitcoin.
If they come after mine, then I will fight, to the end in fact.