Past human history is checkered with currency manipulation and conflict..
Bitcoin and cryptocurrency has been filed with manipulation and conflict! We've seen fraud, theft, in-fighting, consolidation of mining operations, blockchain hijack attempts (in the form of forks), and more theft. There's nothing about cryptocurrency that is inherently peaceful or humane.
Indeed, even though the form of currency changes, the very foundation of the system is very deeply rooted. Manipulation and conflict had always been around in the human history that is why even this cryptocurrency that promised decentralization cannot escape the fate of being manipulated by developers and whales.
Yes, i can understand that without air and water, life would not work but does it have any connection with bitcoins?
We can survive without bitcoins also as bitcoins only are a mean of financial transactions and that would not come under the basic utilities or basic requirements of the human nature.
No there is no connection. People's lives will go on even without Bitcoin. And even the financial institution does not need Bitcoin to thrive.