Disclaimer. I am by no means any kind of an expert in Cryptos and became interested just a month or so ago. But since you have asked....
First of all i am not sure that the whole Bitcoin and block-chain technology is not a part of a bigger plan initiated by some sort of government itself. (distributed ledger or distributed systems have been known for more than over 50 years i believe already so it is not a New thing in it's core) .
Scenarion 1 So lets say Bitcoin was/is some sort of a test. Nobody knows who really stands behind the release of it, right? Now, governments (or particular people) are not stupid, they successfully been drinking blood of commons for a long time already and they are well aware of the existing problems much better than anyone of us probably are. And now they will release 750 trillion of their pre-mined tokens/currency with the set inflation rate and support it fully. You could do money transfers with it, pay taxes in short will back it up fully with a full support and exchange current fiat 1:1 or 1:10 or 1:100 do some devalvation and scoop back 300 trillion of that 750... official blockchain crypto that is accepted for purchases everywhere etc. Or they do a hard reset we we start fresh, having collapsed economy etc etc etc.
Scenario2 governments have a power to print infinite money if they desire so. And they go even further by injecting non existent digital fiat into Bitcoin market thus raising cap insanely high. They could buy all the bitcoins in a world in one day and hold it. This would further reduce purchasing power of USD for example but bitcoin with it's limited supply would be done. Non existent. Or they can manipulate market by inflating it to outrageous level and sell all of it 1 cent for a bitcoin if they feel somewhat threatened by the whole change in paradigm. They will buy it with virtual money so it doesn't cost them a thing to do so. These are just philosophical thoughts that should have probably gone to a separate post in @philosophy section and is total nonsense as i am no expert. But it would be really nice to hear your opinion if any of the scenarios is theoretically possible :) Thanks :)
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