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?
They are free to do that but that seems not it gives a huge negative impact on Bitcoin.
because no matter what the government and banks doing, Bitcoin still the king among cryptocurrencies. This gonna be optional but I'm expecting that people will still be choosing Bitcoin that these centralized coins. We can keep and store our Bitcoin with no commission and our fullest controlled wallet, not like how it going to happen when using banking institutions.