Vitalik: Ethereum will face threats if BlackRock continues to grow in size.

According to DL News, Ethereum founder Vitalik Buterin stated at the Devconnect conference in Buenos Aires that Ethereum faces two major existential threats if institutions like BlackRock continue to accumulate ETH. Currently, nine Wall Street firms hold over $18 billion in ETH, and analysts predict that institutional holdings may exceed 10% of Ethereum's total supply. Vitalik pointed out two main risks: Threat 1: Dispatch from core developers. Institutional dominance will alienate those who truly care about decentralization, potentially leading to the loss of the core community. Threat 2: Incorrect technology choices. Institutional pressure may drive inappropriate technical decisions; for example, while a 150-millisecond block time is beneficial for high-frequency trading, it prevents ordinary users from running nodes, resulting in geographical centralization. Vitalik emphasized solutions: focusing on a global, permissionless, and censorship-resistant protocol, maintaining a strong core community, and upholding the values that distinguish Ethereum from traditional finance.