Governments fear the unknown, especially an unknown that they have no idea how to regulate. Add to this a financial system that will fight tooth and nail to maintain their supreme position to manipulate the world economy to their advantage, it is no wonder that cryptocurrencies are being assailed from governments, banks, and the media. None of these organisations want the financial system placed in the hands of the hoi polloi, God forbid that it might create equality and the sharing of wealth in a more equitable way (you might have guessed I'm still pissed off that bankers and financiers got off scott free after causing the GFC and sending millions of people to the wall and nothing has changed). Anyway that's enough of my rant. But here's to cryptocurrencies tearing down the current banking system.
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@bruizer that's actually a fact, fear of not being able to regulate and control is something they are struggling for.