I strongly disagree.. what are you talking about? what big financial institutions are you referring too? of course, more companies and industries are accepting bitcoins and other cryptocurrencies as a form of payment and that is good for everyone... it doesn't mean that they are taking over or building a monopoly. I think we should be happy and excited not worried or scared and moreover, there are a lot more users of bitcoins every year from all over the world.
I can tell based on facts that people are starting to drop bitcoin and other cryptos because of last week's crisis. Then suddenly, stablecoins are becoming a thing. You still think that this came out of the blue?