The choice is not binary: public permissionless chain vs private permissioned chain.
There is a third way where institutions CAN have their cake and eat it too with @newton_xyz
https://twitter.com/seanli/status/2038806474692944255

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Bitcoin at Block – the Bitcoin project of Block , the company founded by Twitter co-founder Jack Dorsey – has just announced the launch of a free Bitcoin Faucet, marking the return of the Bitcoin distribution model...

Jack Dorsey announces a $1 million project to give away free Bitcoin.

MicroStrategy founder Michael Saylor asserts that Bitcoin has won the global narrative war, specifically naming BIP- […]
The article, "Michael Saylor Warns BIP-110 is the Biggest Threat to Bitcoin; Four-Year Cycle is Dead, Institutional Capital is the Real Protagonist," was first published on BlockTempo, the most influential blockchain ABMedia media.

Michael Saylor warns that BIP-110 is the biggest threat to Bitcoin; the four-year cycle is dead, and institutional capital is the real protagonist.

A recent report published by the cryptocurrency analysis platform CryptoQuant points to a notable divergence in the Bitcoin market.
According to the analysis, Bitcoin demand has contracted internally ...