Is institutional entry truly adoption or a Trojan horse? Wall Street's hand has already grasped the doorknob.

Canadian billionaire Frank Giustra warns that the crypto industry is prone to state intervention, reigniting the debate over its safe-haven status. He cites an incident disclosed by the U.S. Treasury Department in which about $1 billion in crypto wallets were confiscated, stressing that Bitcoin’s public ledger leaves permanent traces and is not safe under government surveillance—and may even be seized. He also says that institutional adoption is the main risk to decentralization, adding that Wall Street controls the outcome.