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 don't think it would much be an impact. There are several altcoins currently existing in the market and if they decided to join, they'll just another cryptocurrency out there in the condense altcoin market. And people wouldn't trust it so much since the government/banks want everything monitored, the odds of their crypto being decentralized is low. They'll probably implement KYC and all data would pass through their central system, which isn't very much attractive to people.