People go for rarity and financial freedom, and let Bitcoin exactly offer all that. Countries have to step up their game since everything related to fiat feels insanely old in comparison to the digital era we are living in right now.
I don't see it as a bad thing, or as a competitor for Bitcoin or the crypto industry in general. It's just fiat with all its economical negativity, but then in digital form to not fall behind entirely ~ let them have it, we don't care.