Crypto is a threat to traditional economy - Says the guys that are running the very same economy to ground by screwing over poor and bending over for the rich

In a way, Crypto is helping atleast a fraction of lower/middle class population (although right now, I agree, an even bigger fraction were screwed by shitcoins, fomo and rugpulls) and they don't want it, they want to screw us all over and make us dependent on them as we've been since our birth.

Governments ? US (or any other government) will do everything but tax the rich lol. Easiest way to solve all socio-economic problems but they would bend over for these billionaires and won't do that. They would happily commit genocides, screw over their own middle/lower class citizens, and go to war and risk their own soldiers lives but won't do anything that would actually help their poor.

They would gladly allow the rich to transfer and stake most of their wealth and evade taxes by exploiting loopholes in their dumb system, but wouldn't allow the average Joe to make it in the world by working hard. Tax rates start screwing us more and more, the moment we start earning slightly increased sum of money, but guys that own large corporations can evade because they don't get any salary on paper, created some side business abroad and invested their money in it.

Banks? Take a small student loan, take a home loan, not only will they make it as difficult as possible for you to get one and they'll hunt you till the ends of earth to make you pay up. But for billionaires? They'll happily offer all their money with little or no collateral to save failing businesses and then when they screw up, come back and charge us more to get back their losses.

For example when Glazers bought Manchester United football club, it was fully financed by a bank, and collateral was some club properties that they didn't own. Basically, buy the club and then give us collateral

Tldr: They can solve almost all problems, subsidize every basic need, make healthcare free, improve standard of living, almost abolish poverty all in 10-20 years if they just tax the rich. Instead they run to us for money to run the government.

They just don't want us to prosper whilst being independent of them.