This is exactly why stablecoins like USDT, TUSD, DAI, Libra, etc. won't gain much popularity. Cryptocurrencies and the blockchain technology were created with a scope - that we get rid of all the centralization and excessive control of authorities over the world. Corruption is at all time high level and transparency is nowhere near where we would like it to be. By adopting Bitcoin and blockchain & adiacent tech like smart contracts I'm sure we will make a much efficient & fair world.
Many sweet sentences circulate about the potential of BTC, but I want to know how the world adopts them simultaneously. The bitcoin-blockchain solution for verbal justice looks real, but bureaucracy is very complex. If bitcoin is used in political power, prices can be manipulated worse than before. this would be an economic apocalypse worse than fiat.
Unfortunately, we need more that sweet words for people to really adopt Bitcoin. After more than 10 years of existence, we are still wondering where is that massive adoption of Bitcoin can be coming from. Lately, the news coming from China caused some sparks all over the cryptocurrency market though it was just another Made-in-China falsehood as we now realized. Maybe we are looking at the possibility that if the government of China will approve of Bitcoin then there will be a massive adoption of cryptocurrency in that hugely populated country. But why look at China, in the first place? Is it not because in other countries we are beginning to see dull moments with Bitcoin? I am a strong supporter of Bitcoin, but we have to face the facts and realities so that we can be able to rectify and do something about these potential game-changing situations. Sweet words will never lead Bitcoin to where it should be and can in effect even be masking the real problems.