The more I do research on cryptocurrency the more skeptical I am about the long term prospects of cryptocurrency

My skepticism with the current state of cryptocurrency, stems from my belief that governments will never allow any of the current cryptocurrency to become a generally accepted form of currency within their country. This is simply because of politics. Cryptocurrency removes the need for a centralized bank and that is a radical idea to modern politicians. I just don’t see such a radical change to the economic model happening within our lifetimes.

I also find it hard to believe that a government will trust a cryptocurrency that was developed by an third party rather than highly regulated state sponsored developers.

Don’t get me wrong, I do believe in the technology that is being introduced, however I believe the most likely scenario where crypto succeeds is when a government makes a concerted effort to create their own highly regulated cryptocurrency and so in that scenario, none of the current cryptocurrency available will survive in the long run.

Please change my mind.