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?
Why would cryptocurrency be centralized when its already decentralized and fiat is centralized? They are both the way they are meant to be, and if any country considers Bitcoin a legal tender it does not have any impact cause things will still be the way they are, its still going to end with some countries not accepting it and some accepting it. And thats how it has been.