It's entirely a reflection of this fucking corrupt monetary system.

Celebrating institutions getting in via a PROXY of Bitcoin is so far from the mark that it actually makes me sick. It opens up the door for manipulating the asset to the extreme. I believe we should be doing everything we can to keep institutions as far away from Bitcoin as possible for as long as possible, and getting it into the hands of the people who need it the most.

There is no middle ground. We don't need institutions in this space. They are the very source of all of our problems to begin with. Inviting them into the space - and celebrating it - under the mistaken presumption of self-enrichment, is likely to be a grave mistake for all involved, except the bankers, of course.