In Wall Street's eyes, bitcoin is just another asset that they can make bubbles upon and earn lots of fiat
Exaclty. It's rather unhealthy for Bitcoin.
Is using a black hole to dispose of toxic waste "unhealthy" for the singularity? I think not.
My English is not sufficient enough to understand what you tried to tell me.
Price manipulations, scams, hacks, heists, dumps are all natural and inevitable for a new currency with a relatively small market cap.
Bitcoin is indifferent to these shenanigans. Like a black hole, bitcoin waits with the eternal patience of the cosmos for the fiat train to fly off the rails.
All empires crumble in time. All imperial money has a limited lifespan, usually measured in the hundreds of years.