First stage - denial. Simply rejecting that the technology is innovative;

Second stage - anger. For example, stating how BTC is used for terrorist financing;

Third stage - negotiation. In the case of BTC, this corresponded to the period when banks began to affirm that blockchain technology is very promising, but BTC is uninteresting;

Fourth stage - depression. Banks engage in this fight unprepared and disliked by society;

Fifth stage - acceptance and recognition. Banks begin to use BTC.