What should we be suspicious of? The real question is why aren’t governments making Bitcoin legal tender in their states. So far only El Salvador and Central African Republic are the only countries where Bitcoin is officially used as a currency. I believe that if the rest of the world adopts Bitcoin, it will hasten the growth of bitcoin. I can’t think of a negative outcome should governments adopt Bitcoin
Many countries remain wary of digital currencies, viewing them as potential tools for funding criminal activities within their borders. This skepticism is a major reason why they resist accepting Bitcoin as legal tender. Achieving global adoption of Bitcoin seems unlikely, as some nations will persistently oppose the idea, indifferent to the potential economic benefits it could offer if embraced.
Back to op.If Bitcoin becomes a global reserve currency, its value is likely to rise due to the limited supply of only 21 million coins. This scarcity may make Bitcoin more valuable than gold. In the future, owning Bitcoin could be a luxury mainly for the wealthy, given its potentially high price. You should also acknowledge that widespread acceptance of Bitcoin as a global reserve currency faces too many challenges. Achieving this would necessitate significant changes in the global financial system, and predicting the exact outcomes might be impossible.