According to the author, the dilution of cypherpunk values in cryptocurrency, highlighted by Coinbase's political sponsorships and Ripple's lobbying efforts, could heighten regulatory risks and erode investor confidence, potentially leading to increased volatility in BTC and ETH prices. The author cites specific instances such as Coinbase sponsoring a Trump-affiliated military parade and Ripple's influence in Washington D.C. as evidence of crypto's deviation from its foundational principles, which may impact market stability.