The debate is still on-going if large investments from institutional firms, would be good or bad for Bitcoin in the long run. Some are saying it will bring more volatility and others are just happy that the price will probably go to the Moon.
There are also conspiracy theories doing the rounds that these institutions will use their financial powers to destroy Bitcoin.
Some are even saying that the small fish will be eaten by the big sharks. Let's consider the impact of this and how this will change the Bitcoin scene.
Will Bitcoin go 100% commodity & store of value or will it still be used as a currency?
It brings volatility and price manipulations only with a low amount of this institutional investors. If we will have more whales then it will be way harder for a single one to influence on the whole price, Bitcoin is still not popular enough for it. Monopolies do not exist on the free market (on the average and long terms), that will be to expensive to buy a huge amount of BTC. Even if someone do it and then dump all BTC the market will bring the price back and the whale will lose its influence.
P.S. Current market cap of Bank of Aberica is slightly over the current crypto market cap. They gona have to sacrifice themselve to kill crypto.