@audaciousbeing. They have to be scared. The cryptospace is taking away their authority and monopoly in the money printing business hehehe.
It is already an inevitability before a good percentage of the global populace become cryptocoin users. But I reckon not many people believe it will occur.
while there are more and more people aware of crypto and some actively using it
they are not ready to discard the "it is worth as much as I can sell it for fiat" mentality
once you can walk into any shop and buy with coins or sell your car or a house for bitcoins things will change
they are in control at the moment,the banksters, it is easy to just cut the convert to money chain or declare crypta illegal in some cases
but their monopoly will come to an end sooner rather than later