Any adoption is good imo. I would dare to say that most of us did not understand "not your keys, not your crypto" at the beginning but it took time, maybe even years. With more adoption of any kind, more people will understand the value and purpose of bitcoin over time. Lower your time preference!

Also: first adopters were criminalized criminals which was good since if criminals use something, you can be sure it's worth something. And now it's legitimized criminals, lol. Not much difference to me.

Yes, price manipulation etc. etc. but in the end, this is the path of bitcoin that was clear from the beginning, no? It's meant to be a global monetary network. So why are we now against major institutional adoption? Did we really think global adoption would happen without institutions?