in a financial context it is true and I agree that until now nothing has been able to hinder the development of Bitcoin, but over time most countries will not be able to allow bitcoin to become the main currency in every country where the country will not be able to fully control and monitor the circulation bitcoins. For this reason, currently many countries are trying hard to create a Bitcoin version of FIAT by utilizing the same technology, blockchain. By having their own cryptocurrency, the country is able to regulate and control it in the hope that people will not depend on bitcoin and other cryptocurrencies.
Yes, currently many countries are trying hard to create a Bitcoin version of FIAT by utilizing the same technology, blockchain. The fiat digital currency issued by the government is essentially different from Bitcoin. The fiat cryptocurrency uses only blockchain technology, which is a substitute for paper money, and does not adopt the real Bitcoin idea. Let's take the issuance of Bitcoin as an example, the total amount is 21 million. I believe that no government will limit the total issuance of its fiat digital currency. They will only continue to overprint currency. This is no different from the original banknotes.
if too much money is printed, the population will automatically hold a lot of money. That way, our purchasing ability is high and the goods we will buy are reduced. The amount of money in circulation will cause inflation. Countries can not print excessive money, if you think every country can print money as they wish then you are wrong. Here the law of supply and demand applies, that's why it is impossible for countries to print money in excess, as well as if countries issue cryptocurrencies, they will also consider their country's financial inflation. Currently, I choose to be realistic and choose to follow the rules of my country's government and international laws, and BTC, for now, I still consider as an asset, because this is what my government has legalized, while Blockchain is an open technology that can be used and developed by any country.
Honestly, I'm still curious and waiting for a surprise when BTC runs out to be mined. And just like FIAT, it looks like BTC is also starting to be controlled only by the rich. But I believe that crypto and blockchain will continue to evolve.