can only give damage to the global economy.
This is where their fear is at, not that it'll spoil the economy generally but it will expose their scammy practice. They're just scared of bitcoin because it has the power to disrupt their businesses and the scam called fiat currency. I bet this was a paid article with an intention to creation FUD to their readers. He speaks about bitcoin been a currency without a country, Is he forgetting about gold or oil we're in the information ages where the world is now connected you don't have to own anything before you can use them (just like the internet)
I think many are just not set up in the fact that cryptocurrency, or Bitcoin specifically, can crack the so called norm in the business market as a whole. I mean, if you think about it, cryptocurrency has shown that it has the capacity to compete and be able to be a game-changer in many economies all around the world and those purists that don't want to acknowledge its use can really be affected by it. I beg differ in the statement that Bitcoin has no practical use, because on the contrary, it has different alleys of usage, and people can utilize it in different means.