I would say yes, it's an opportunity towards the progress of a government that support crypto currencies as an alternative way of payment system just like fiat currency. By this approach, government will be able to adopt and putting ways of using blockchain technology in a good way for the citizens that would be able to use it on daily basis and in order to push the cashless system we are aiming in the near future.
This is a good opportunity for governments to reduce the cost of issuing cash and increase the efficiency of cashless payments. In addition, the digitized currencies of the central banks of the states are a good distraction for the population so that they less use the decentralized cryptocurrency as a means of payment. This is precisely the threat to cryptocurrency. If almost every state will have its own national digitized currency, then cryptocurrency can really be used even less as a means of payment in the future.
A threat if we think crypto will replace fiat, but if we will accept that crypto will just be an alternative currency, then I guess we would not worry on the improvement of digital currency issued by the state.
That thing wont surely happen as long government do exist on this world.Theres no way for crypto to take over because it totally opposes centralization which we know that it wont be
possible for it to take over.
That's the reality that cannot be change, every government has their own interest and they will always serve their interest.
This world is built to be centralized, and our government is running our country so they are in control.
Bitcoin rises due to speculation in the future and I don't think the current adoption rate is enough for the current price.
It will remain as an alternative and we have seen that China had already their digital Yuan and its no surprise that other countries would really be creating their own digital currencies.
Threat or opportunity? It would be on the middle because creations of this digital currencies is no different from e-fiat which had been a typical thing.
We will always live based on the law of the land, bitcoin is centralized but it will be regulated and once it's regulated, it will be limited since it's already in control of the government where there's a legal or illegal words to exist.