In 2019, I was fascinated by Bitcoin after I was introduced to it. I have been following the attitude of governments towards bitcoin and hope it will be promoted. However there has been too much negative news in the past two years. I reacquaint myself with bitcoin and fiat money.
Money is a tool for exchanging goods and services in human social life, and whichever tool makes it into the system becomes the de facto currency. Governments regulate the economy by issuing money, which means they can control it. Bitcoin, on the other hand, cannot be controlled, which is why we like it, but also why governments don't like it.
After I figured it out, I no longer expect Bitcoin to be recognized by the state, and it doesn't need to be. It is part of a special asset, not a currency.
So I don't think Bitcoin is going to become a fiat currency.
Don't you know that bitcoin has been pelted with negativity for over a decade, what the hell, you're funny. If many people say negative things about it, this is also the reason why Bitcoin has become so popular, in which various investors in different countries around the world have invested and had of interest here.
And many governments have tried to control bitcoin but they couldn't because of the blockchain technology that bitcoin has. So only the other regulated altcoins can be controlled by the government.