I’ve heard mixed thoughts on if each country eventually created their own cryptocurrency, would Bitcoin still be number 1 or would it fizzle out. Some say it would legitimize Bitcoin even more, others say it would make Bitcoin obsolete.
What are your thoughts?
I don't know where you are basing that number 1 but I don't think we will be seeing that. In terms of crypto currency, in terms of price we already know bitcoin is number 1. In terms of fiat, we know that we don't need to compare bitcoin since it will go side to side with fiat and not compete with it if a government will create one, then it is just the fiat in a crypto currency form and not the same as bitcoin or other crypto currencies.