Banks are not scared of Bitcoin at all. Banks are scared of the myriad of FinTech competitors seeking to carve off profitable niche businesses (e.g. TransferWise, Wealthfront, Cash@Square, etc.) and by the changing consumer behavior of the millennial generation that has no desire to go to a bricks-and-mortar store to conduct their business when an app on an iPhone is all they need. Add in increased capital requirements driven by Basel III and the resulting drop in return on equity and the regulatory moat is increasingly looking like a regulatory prison wall.
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Bitcoin is the face and brand, the first mover, the leader. Bitcoin is the father who's children will now inherit the banking sector, markets and industries. Bitcoin probably won't be on top forever, but it is now, which is why they want to demonize it to injure all other crypto-assets by association. In my view Bitcoin is still very important in this young and emerging asset class.