Its not the people who fears it in the first place. Its the bank and the governments. They fear how Bitcoin may be used by the majority due to its unique features that the banks do not possess. The government as well will take actions to prevent it from happening for they cannot take over the control over the supply and transactions with Bitcoin. With that, they used the social media to spread misleading information, focusing only the risks of hacks, scams and fraudulent activities. They didnt even report the good opportunity that Bitcoin can give to every individual. People who only rely on news and other form of media are the ones who are afraid. If they could only make a few research they wont be blinded by the media.
Thats what happened here in my place.