BTC is gearing up to be the biggest financial disaster in history, and it's better to start planning for it now.
I can see how one can arrive at this sentiment based on how quickly the price has increased, but I wonder how bad it would really be since the vast majority of Bitcoin investment is not debt based. Additionally most people I've talked to on the matter, only invest what they are willing to lose.
Now, if a significant amount of investors get in via margin and other debt-based approaches, then that could be problematic. BTC have seen huge drops in value in the past, how individuals new to the space react is unknown.
Lots of value evaporating doesn't necessarily make for a disaster. It only does that when it interacts with the larger financial universe in unexpected ways. In countries where people will start missing their mortgage payments as a result of Bitcoin losses, yes, there are systemic risks. In the United States, we're still far from that point.
And there's no way for society to decide that should change. They can act as evil as they want with no fear of losing their coins.
https://www.theguardian.com/global-development/2017/jan/16/w...
It's one thing if hedge funds are pouring in, another if housewives in Japan (if the press stories are to be believed), but at the end of the day there's a finite amount of capital that will be pumped into it, as capital wants to go to other investments, too.