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?
The odds are good that these governments will make their own coin. Just take a look at whats happening between US and China. The trade war seems to have them competing on edge and now China has announced that they will be pursuing cryptocurrencies more it seems that the US won't let itself get beaten and is also investing time and resources to look into more blockchain projects and solutions.
We don't need more coins, we need legit coins that are used in the real world. Hopefully these governments can provide these, and that they are exchangeable with Bitcoin and other cryptocurrencies.