I personally do not believe it can destroy bitcoin, though it can make the price to dump. If you have observed well in the past weeks how many FUD news that have been carried, and it has really caused a lot of dump of bitcoin and other crypto currencies as well. I can say most of the news is fake but most newbie and panic sellers just rush to sell their coins they hear a bad news. The lesson is for people to learn to stay calm otherwise they will continue to lose money.