how would the wideespread adoption of Bitcoin as a primary means of payment and store of value affect the global economy, including the stability of traditional financial institutions,
the role of governments in monetary policies, and distribution of wealth and power among different groups in society?
Traditional financial institutions are threatened because their business is at stake. Imagine how the print media for newspapers must have felt when the internet created opportunity for blogs to take over, Imagine how the post office must have felt too when the telephones were invented and commercialized for use. That is the exact same way that these financial institutions feel because they know that bitcoin and the technology behind it has the potential to have a negative effect on them by kicking them out of business. Formerly, the traditional financial institutions competed with themselves, now all of them together are in a battle against bitcoins that threatens them all.