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I don't see the confusion. Care to explain?
Countries and their economies collapsing now and then are not that rare.
Seems rather rare to me.

If a Dotcom type of an event affected bitcoin ecosystem, it would not have recovered - it had millions of participants actively winding up and unwinding positions in real time, which is not something that bitcoin is capable of supporting at this time.

If a Housing Bubble type of an event affected bitcoin ecosystem, it would not have recovered. Lots of special purpose leveraged positions needed to be de-leveraged. Something that bitcoin is not capable of supporting.

If LTCM type event affected bitcoin ecosystem it would not have recovered. I dont even want to think about the effect of LTCM type event on a bitcoin.

All three were absolutely survived by the modern economies.

Sure, but not everyone has the privilege of living in a first world country. See for example the Republic of Georgia utilising blockchain tech to secure real estate transactions [0]. Now I am actually less afraid of investing my money as I don't trust their government.

[0] https://www.forbes.com/sites/laurashin/2017/02/07/the-first-...

It uses a distributed public ledger, not bitcoin.
It does use bitcoin to verify the transactions. Point is, bitcoin - currently being the biggest blockchain deployed - is more trustworthy than most governments and therefore most currencies.

I am not an economist though and regulations seem to be necessary in the real world. Any ideas as to what technology, giving widespread adoption, would make them obsolete?

If the claim is that the private data unrelated to bitcoin transactions is being published and verified on a bitcoin blockchain then this is a scam.

It is absolutely amazing that the person who wrote this article still has a title of a Senior Editor that claims to write on this topic.

Crypto's value collapsing now and then isn't rare either
At the minimum you can't fake its value.
No, obviously you can. You're confusing the bits covered by a signature with the real-world interpretation of those bits.
Well, good luck getting even the real inflation rate from a corrupt government.
Good luck buying a slice of pizza with bitcoin.