The same thing is going to be done by most other governments as well to tackle demand and supply issue in the economy.But this could be an eye opener for all the people who have been trusting the fiat money issued by the governments which is day by day the value of the money we having is going to get decreased so we need something which cannot be printed anymore like bitcoin.
It won't be "eye opener" since fiat economy is not falling.
It is printing more money, it is inflating as hell, but it is not falling and people's faith will remain