So far I think its only people or organizations that are trying to create a new crypto currency to just be out there and maybe one day compete with bitcoin. But what if a government decides to create a country's own and legit altcoin? How would that affect the whole scenario? Will it be an instant success, especially if the country is big enough in population or has decent enough international trading going on.
as per my view it will be success but it will take time and manipulation will also be high as the coin will be used by all the people just like fiat currency but even then i think main Bitcoin wont get affected much as it is used by full world and who ever is in crypto world will be knowing this