Greetings @corpsvalues,
I believe you are correct about some things. When Bitcoin first arrived, it was a total surprise to the governments of the world. That gave Bitcoin several years to do whatever it wanted.
Today, however, the power-grubbing governments of the world and their banking cartels have probably realized that the best solution is to come up with their own version of electronic currency (minus the freedom and anonymity of course). I expect a few countries to go cashless in the next 5-10 years. 50 years from now, I would bet the majority of countries will have banished cash to the dustbin of history.
Unfortunately, this is a bad thing, since it will allow governments and banks to track every transaction everywhere. And, if you have been naughty then the government only needs to flip a switch and your access to money goes poof!
We are living in interesting times.
RE: Why Cryptocurrencies will fail… eventually.