Blockstream is a hostile actor in the space. They don't want Bitcoin to succeed. There are some good people working there, but those few good apples mostly collect their salary and focus their time on Bitcoin Core and cryptographic research, they tend to distance themselves from Blockstream's damaging products. Have you ever seen Pieter Wuille shilling Liquid? Nope. It's unclear to me how they ever plan on making money, but they will no doubt abuse their position of influence in the community for their own business interests at some point. They already attempted to market Liquid as "trustless", which lead to founder Matt Corallo publicly shaming them on Twitter.

The worst thing Blockstream has done: they made a block size increase on Bitcoin absolutely impossible. They whipped up a mob to such an extent that, for the foreseeable decade, we're not going to get any increase because a mass of uneducated morons will oppose it. I don't ever see a hard fork in general as a possibility, which sucks because some nice things could have been fixed with a hard fork, and the "no hard fork" mentality hurts Bitcoin as more and more technical debt will accumulate because of ever messier soft forks. I suspect this is what they want: an ugly system, that is slow and congested, so they can market their sidechains as better alternatives.

Before Blockstream, the general consensus was that hard forks could be done in the future, carefully and far ahead in advance. They ripped that consensus out of the community. Any Bitcoiner who doesn't view Blockstream with some level of suspicion has no intellect; you don't need to call them a fucking conspiracy, but you better raise a bloody eyebrow when there exists a company that benefits from Bitcoin not working.