Bitcoin has not yet reached the desired level. I'm not saying this in terms of Bitcoin's value. I mean it in the sense that bitcoin is accepted all over the world and is used as a currency in many places. If this happens, Bitcoin will replace any other currency.
Actually, this has been discussed a lot. We know the Bitcoin system and the government money system are different. Bitcoin has a decentralized system that cannot be regulated by anyone and that is contrary to the system of government or financial system. So that's why the government does not want to make Bitcoin as a currency. There are still many losses that are likely to be obtained by the government if they agree as a means of transaction. I am currently still very happy that the government considers it as a commodity, because it can still use it for profit. There is no ban, in fact I am happy that the government is starting to take taxes from Crypto. This is one good sign.