It is proof that the current bitcoin network is just fiat 2.0. Its a good thing. We know that all the influencers in the space are just digital versions of your everyday wallstreet bro. This is valuable information. It allows our focus to be on seeking out a money that does have sound principles. The value of coins on the current network won't go to $0 fiat, but it will be price controlled and institutions will slowly bleed everday people dry, just like they have for hundreds of years with fiat. Your wallstreet bros will continue with their hype and price predictions and silly shenanigans while normal people get bled dry. Eventually it will be evident that the only nodes on the network are controlled by institutions, because the everday Joe doesn't want to commit resources to supporting a network that is captured. All of this is valuable information to those who still want the world to have sound money. Eventually we will. They can kill the current iteration of the network, but they can never kill the ideas behind bitcoin.