Bitcoin is fully decentralized currency whereas central bank and government currency (fiat) is fully centralized currency. The country's central bank and government never want its native currency and central bank to be replaced by a virtual currency. So, the government is completely against bitcoin and never the government wants bitcoin to be more popular than the central bank. However, the government can certainly increase the popularity of Bitcoin to a large extent if it wants to, but the government never works to increase the acceptance and popularity of Bitcoin out of its own will.
yeah. We know that bitcoin is a decentralized currency, and no government will fully accept it as their local currency or their alternative currency. Sometimes I think this is the way bitcoin is supposed to work, and I don't want the government to fully accept it because of how some countries fiat money is depreciating. I believe bitcoin will also have the same problem in those regions now that they will be in control of it, and we all know that we don't want any other person to be in charge of controlling the bitcoin price.
Therefore, if the government accepts it, they will want to be the ones controlling it, which will ruin the decentralization of the currency, and investors may start paying for some tasks, which will reduce their buying power unless they invest a huge amount of money.
In other words, the government wants to transform cryptocurrencies from decentralization to centralization and from out of control to full control, so we see all the regulatory laws issued by governments focusing on the issue of full submission to the KYC, AML, and anti-terrorism regulations through which the government can completely subject cryptocurrencies to its authority.
Actually, if the government accepts bitcoin, they will want to be the ones controlling it, and that is not the main reason why bitcoin was created. So in my opinion, bitcoin will be sweeter if we continue using it this way because they will do everything and see that they will be the ones controlling the currency.