I agree that the banks and the governments will not go down quietly and just embrace decentralized currency.
These two are very big institutions that work hand in hand. He fears that this is a losing battle because there is no way these two will just hand over the control back to the people.
I kind of feel that this is a revolution that can drag on for a decade or two.
Projects like cardano might be of great help during this transition because it plans to bridge the whole crypto economy and also create a bridge between the old centralized fiat to our new world order of decentralized currency. (Provided companies like IOHK is left alone by governments)
I just hope we win during our lifetime to enjoy the gains.