Now do cash!

When I see a headline like this, it makes me think that State regulated criminal enterprise is threatened. The largest "cartels" in the world are governments. They are too big and unwieldy to adopt new business models, hence the threat to their control over their monopoly of criminal enterprise. The arguments that they are making in this article are the exact same arguments that they make against physical currency. The fact that criminal organizations utilize physical currency has little impact on the 99% of the population that use it as a daily tool for carrying on their routine. The vast majority of digital currency users are not involved in criminal activity. The fact that it is not in daily use among the majority of population makes this a good case study for them to enact laws that restrict access to currency instruments that they have little to no control over. Digital currency has its strengths and weaknesses, and to be honest, I am not a big proponent/advocate of relying on it, but it does serve as an alternate storage medium for wealth and I think it should be allowed to exist and find its place in the portfolio of viable wealth storage. Criminal organizations have been utilizing precious metals, diamonds, drugs, currency, fiscal instruments of all different types for centuries. Why the sudden fear-mongering of one particular type? It obviously upsets the status quo and is difficult to regulate, manipulate and control.