According to the author, the co-option of cryptocurrency's cypherpunk ideals by corporate entities like Coinbase and political systems could heighten regulatory risks, potentially increasing volatility in BTC and ETH markets. For example, Coinbase's sponsorship of a military parade (source: article) and Circle's public listing (source: article) signal a shift away from decentralization, which may influence investor sentiment and trading strategies amid evolving regulations like the GENIUS Act.