Both. For example, personally a fish I've wanted for a very very long time but just not been able to get my hands on is a little group of betta brownorum, chances are if I saw them in an LFS they would be wild caught, would that put me off? Hell no! I'm considering killis, never had them, it's a consideration. In an ideal world I would source wild, that way I know im more likely to have strong bloodlines in place to start a breeding project upon. Realistically I would end up with captive bred just cause its easier to source them that way, its not an ideal world sometimes. Likewise, predatory fish are a particular interest of mine, a lot of them simply aren't available captive bred.
The point im attempting to make is just that helps to be aware that our hobby has vulnerabilities to persecution. Not just in terms of wild caught either. I don't however for a second believe our hobby is inherently cruel. The same as i would defend fishkeeping, i think anglers can rightfully defend there hobby. We all operate under the legal regulations that are in place in our respective hobbies. Outside of that there is no defence.