What harm does Blackrock owning lots of BTC do exactly?

They cant control the Network - at least short/medium term I guess.

They would have a lot of economic energy to do nefarious things. Thats bad.

They could get "hacked" via Coinbase who custodies for them. By hacked I really mean all the BTC is somehow stolen by the Govt or whoever and its sold to the plebs as a "Russian Hack" for eg.

Have a I missed anything?

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