It's not just printing though. There's someone on the other side buying, and it's all being conducted honestly. The company says outright, "we're going to buy Bitcoin with this money, and pay you in fiat with a fraction of the gains." Who's fault is it that the corporate world rather own company stock than physical Bitcoin?

In most cases we can't persuade wealthy investors to buy Bitcoin. They don't get it. They think it's risky and dumb. But they will buy stock in a Bitcoin treasury company or an ETF because it's listed on NASDAQ, which to them means the investment is safe and smart. And it might even be better for them to be buying layer four paper Bitcoin than government bonds.

It's a perfectly virtuous trade. The Bitcoin treasury company gets to accumulate more Bitcoin, and the customer gets a higher ROI than they would from treasury bonds. The difference in profits comes from the fact that the company did the work of knowing what Bitcoin is and taking action on it, while the customer wanted a lazy alternative to learning something new.

When the guy in Turkey saw that inflation was getting bad, and he started stacking cars to hedge with something that wouldn't inflate as much as the currency, the government accused him of grifting. Yes, it's a silly way to make money, but it's not grift. It's self-preservation.

Overfinancialization is, more often than not, a reaction to government overreach. Making money from arbitrage and leverage doesn't happen in a vacuum. In this case it's a correction against the prevailing forms of grift. Investors who don't do research deserve whatever gains, losses, or opportunity cost they get from whatever they choose to invest in, especially when the terms and conditions have already been made clear and explicit.

Making the world better starts with us, with our world, with the people who know how to make it better and are doing the work by driving up the price of Bitcoin.