We've all seen this phrase before: that the government and/or banks will more likely to create their own cryptocurrency, but what are the odds that they really will? How can we be sure that these two sectors will create their own coins eventually and will it even change the game if they do? If they did, will it not threaten bitcoins and altcoins because the common people who haven't heard of bitcoin before might choose to use these bank/government-created coins instead? Do we really need more coins?
I think the government already has their own cryptoCURRENCY which is regulated and controlled by their respective central banks- which is the FIAT.
I doubt that the government would attempt or create their own coin as it is self-defeating and contradicts the very nature of a cryptocurrency. What the government wants is control and regulation. If they make such coin, it will inevitably become a decentralized form of cryptocurrency which cannot be traced down in its transactions.