The above headline comes from The Wall Street Journal. What it should really say is “Bitcoin vs. Banks and Their Regulator Partners in Government.”
Because both governments and the big banks (a key crony nexus) fear a decentralized competing currency to the dollar. They aren’t going to let a bunch of smart kids and mathematicians go and democratize the banking system. What’s the fun in that for the powers that be? In fact financial democratization is just a big headache for them and as far as governments and big banks are concerned they’d kill Bitcoin and other cryptos (and there are many others) if they could. And they are trying.
Whether they CAN is a very important question. The answer to which will impact your life profoundly one way or another.