[bq]Even when he’s like, "I’m gonna beat you, Kacchan!" it’s still with an air of "Because you’re so totally awesome!"
That just rubs me the wrong way, is all. Like, who the hell does that?[/bq]
Keep in mind that the "Awesome" part Deku looks up to isn't Bakugo's personality.
It's his Skills and abilities that Deku looks up to.
Remember: Bakugo was the top ranking student in the entrance exams.
And as the other students pointed out during the training exorcise: Bakugo has incredible combat instincts and can perform advanced maneuvers mid-air.
His _skill_ is something to look up to. And that is what Deku admires.
His personality: Yeah, no. I don't think it's a spoiler to say that Deku says he hates that part of Bakugo.