I quite understand that news like this makes a good headline but this is obviously not the financial freedom Satoshi envisaged when he created Bitcoin. With more institutional investors jumping in, they will be able to stack up more Bitcoin and maybe manipulate the price in future.
What is financial freedom? Does financial freedom mean that only poor and middle class people have the right to own bitcoin, and rich people and governments have no right to hold bitcoin? Is it freedom or selfishness?
Assuming governments and institutions do not enter the market, bitcoin will only be held by poor people like us. What guarantees are there that when you or I become rich, we won't try to manipulate the market to become even richer? Will we share this wealth with other poor people, or will we try to push them out of wealth like the rich are doing to us?
By the way, bitcoin is a speculative asset and it has been manipulated for the last 16 years by whales, sharks and that is why they are getting richer. Why is no one complaining about that?
Your point is valid CryptoBuds to the extent that you might be asserting that no one can stop bitcoin participants from buying and/or participating in bitcoin whether individuals, governments or institutions - yet surely some bitcoiners might complain about various aspects of merely holding bitcoin exposure through third parties distracts away from peer to peer transactions and self-custody, and maybe there could also be assertions that a form of co-optation attack is attempting to take place. It is yet to be seen if any such attack is going to be successful.
Bitcoin's value also comes from its abilities to be able to be transacted directly, yet if bitcoin is being held by third parties and not being transacted directly, then the supply of bitcoin being used for direct transactions would be smaller, and it still can be transacted, even if there are fewer units providing such transaction liquidity.