It was just a matter of time, banks and governments have wanted to destroy bitcoin from the very beginning and they realized very soon that despite all their power they are really bad at dealing with enemies that do not have a central base of operations so destroying bitcoin is impossible, so what to do? They switched tactics and they tried to scare people away by saying that bitcoin was only used by criminals and that has failed as well as institutional investors are finally coming to the market.
So what can they do? To create their own cryptocurrencies, claim that their coins are better than bitcoin with the help of the media and hope that they deceive most people this way, and in a way I think it is a good tactic as most people do not know enough about the economy to actually tell why bitcoin is better.
Fiat is used for illegal purposes even more. It's all bullsh*t for the poor masses, hoping people will be in debt all life and they will be rich forever. BTC was created as a response to their tactics.
And I agree with you I'm just describing what they are thinking and what kind of tactics they are going to use to try to subvert bitcoin, I really think that they are going to try to do to bitcoin something similar to what they did to gold, gold was the main form of money around the world for thousands of years and yet now many economists think of it as a relic of the past, so what happened?
What they did was that governments slowly convinced people to give up their gold to them and now most of the gold all around the world is on their vaults so I think that they will try to do something similar with bitcoin, I hope they do not succeed but history is on their side.