If banks and governments create their own cryptocurrency, will the people still be the ones to give value to it like Bitcoin and will we be able to store it in our own ledger to protect our own money?
If no one is using them then it wont have any value, Venezuela already released a cryptocurrency named Petro and it was not successful and i have no idea whether anyone is trading them and the government tried to push their centralized cryptocurrency but failed miserably and that will be the case for future government created cryptocurrencies as well .You need to attract investors and users to use them if not it will die off eventually.