Bitcoin becoming more financialized isn’t a potential threat in and of itself.
The threat is from if adoption is largely through custodial and store of value focused products and services.
Discussion
It is though it just keeps adding in paper bitcoin which diminishes real demand. He wants to own it all and issue credit just he wants to be the central banker.
the threat is that institutional adoption comes with covert cooption of control of the protocol
i don't see how banks are going to abdicate their position as kings of the economy.