Great post ..Governments will be forced to create their own cryptocurrency, thus keeping both sovereign monetary policy and the ability to tax all transactions. This is already starting in Russia and Singapore.
The alternative is to watch industry slowly defect to the faster alternative of public crypto and not be able to do anything to stop it. Companies can simply pay employees in crypto. Governments have to capture industry early before that happens.
There is still a long way to go though, as evidenced by the vlog earlier in the week. There is no chance of people switching to an alternative monetary value right now while it has the potential to halve its value in a matter of days.
On the whole people want more gradual stability from earnings, they are seeing crypto more as high risk investments rather than a currency.