We all know, there are 2 types of cryptocurrency
1st: centralized
2nd: decentralized
The difference between them, centralized cryptocurrency is controlled by a government or a company. It has value only in the specific area under company or government boundaries.
Decentralized cryptocurrency has no connection with any state, government
But, the government of some countries are against Bitcoin and some are ready to adopt Bitcoin. So what would effect on Bitcoin if any government approved Bitcoin as a legal tender?
I don't see any use in a centralized cryptocurrency, I have no idea why anyone would want to partake in a centralized crypto.
You are already partaking in a centralized currency which is fiat, why would you want to invest in a digital fiat?