But for Bloomberg to use a 'civil war' hyperbole signals fear from the establishment. Established capital more specifically. And really, that is bitcoin's biggest threat.
Disclosure: I own bitcoin.
That may or may not be true, but it's definitely a non sequitur narrative. In this situation, it doesn't matter whether or not "the establishment" is fearful of Bitcoin. All that will ultimately matter is whether or not the "winners" of this debacle end up killing Bitcoin in the process, and that will necessarily play out in terms of markets.
>And really, that is bitcoin's biggest threat.
Only if it survives long enough to truly compete at the level of "established capital".
People are talking about doing a freaking proof of work change, so I'm not sure how much more nuclear you can get.