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?
Isn't it contradicting 'cause they have the authority controlling the fiat they own which on the other hand cryptocurrency isn't own by anyone. I think it would be the same as altcoin if the bank would create their own crypto. Nevertheless, bitcoin would dominate it in market price. As stated in this
https://futurism.com/six-banking-giants-have-decided-to-partner-to-create-a-new-cryptocurrency 6 banks already started partnering their own crypto in crypto community. However, their crypto slated at end of 2018. So, it ain't even a threat to bitcoin as long as bitcoin dominates the market.