Yes this a big opportunity for bitcoin & blockhain, i am an indian and recently indian government has said that they will also create their own digital currency this will greatly produced massive adoption of digital currenices, in india, their are many benefits of digital currencies,
True. Governments creating their own digital currencies is not a big threat but rather a good opportunity because this will lead into a faster and massive adoption for crypto. People will be now taught how to use digital currencies for them to create cashless transactions which is more convenient compared to fiat transactions. And when the time comes that bitcoin will be develop as a legal currency, hopefully they will start using it too even as an alternative one.