Adopt in what sense? Is it making it a legal tender or the new dollar.
If you talking about government skeptical about bitcoin then the highest i believe they can do is set laws to regulate the market to protect its citizens.
Except they find a way to control up to 51% of the blockchain, there's nothing to fear.
The government across the world are in possession of almost 1.2% of BTC total supply.
Even when they banned Btc
Citizens in the country still secretly operate with it

El Savador government has Already adopted BTC
The first of many others to come.

It's not that easy, from the list of countries that has adopted Bitcoin as a legal tender you would notice that they are developing (also called underdeveloped) countries their currency and economy are struggling or has low value, Bitcoin is like a new hope to their citizens and crypto-currency would be a better way to have a more effective currency for their citizens, but in the developed world their is the battle of Ego, control, power, the government wants for authority and they can do that with the Fiat system but it becomes more difficult with crypto-currency.

Not many government till date have shown full concern on whether they will have a full adoption of bitcoin soon. Those that are not against it are on neutral stand to see what happens of the countries that will first adopt the cryptocurrency as a legal tender.

The government won’t just make bitcoin a legal tender without them haven something beneficial from that. Thinking of that, we need to raise eyebrows and be suspicious of their verdict if they allow bitcoin as legal tender.

The crypto market could be in a state of chaos for a while as regulations which will be coming from the government will either make it strict or friendly to them. On what the basis of the regulations will be is what will determine how the market traders will react to that change.


No one is thinking of a negative outcome if the government adopts the use of bitcoin as legal tender globally but what happens after that is the hidden reality that people are yet to know and will be very observant to look out for if there’s a step to take action on that. The governments that are not following the same part as El Salvador and Central Africa Republic are just scared and don’t want to fall bait of anything.

The developing nations are more careful of that since the developed nations they are looking up to haven’t taken such steps for the adoption too. Bitcoin adoption continues to rise despite all this, one day government will either allow it or put some regulations on them on its use, I think that’s what will likely happen in the end of all this.

As much as I'd really love for this to happen, it won't. That's why I wouldn't even want to imagine it since no government would be interested to make it a reality as they'd won't have control of the somewhat reserve currency to print it brrrrr at will. But if that were to be the case, I can say for a fact that the days of bitcoin being heavily volatile would be over. How can a reserve currency do —40%  or +60% net in 12 calendar months? It would heavily affect the reserves. This isn't what we want Bitcoin.

Adoption of Bitcoin is different from using it as a reserve. It's no longer news that some countries have started legalizing Bitcoin, but the amount the government owns is so low due to risk considerations. While they have most of their foreign reserves in the USD.

I don't think this is necessary as long as they make the purchase public. And of course, they would have seen the light in Bitcoin before they go on such a journey. However, making Bitcoin a substantial reserve is too risky and I don't think any country would do that. They might own a small amount of it, but not totally depend on it as the nation's reserve.

The adoption of Bitcoin by governments means more demand and appreciation of the market price as this will add to the market capitalization. There is no way the price of Bitcoin will not reach the rooftop if this happens. However, that is not possible as Bitcoin is not enough (max. of 21 million circulating supply) to go round and the risk of depending on it is too high for a nation.

Don't dream of the government adapting Bitcoin instead of their fiat currency. Its unrealistic to adapt decentralised Bitcoin by a centralised government. They might allow you to use it; it's not a Bitcoin adaptation, actually. But yes, El Salvador has been adapting Bitcoin. Even a few more governments will adapt Bitcoin this way, but Bitcoin won't be a reserve currency anyway. Because Bitcoin is highly volatile, that will always affect the value of the total reserve. And Bitcoin is always a digital currency, whether the government accepts it or not.

Adoption can be done by the government by them relaxing bans on bitcoin or going further to add it to some of the countries legal tender which is the most hard part. The decentralized system which bitcoin is actually seems to pose threat to bitcoin censorship and they will never want to let that go.

This will affect bitcoin adoption rate as it will grow in large number but the question will be whether the maximum supply of 21 million bitcoin be ok for everyone.

with the increasing adoption of cryptocurrency and also the increasing price of bitcoin, it is not impossible that in the future bitcoin will become a hedge for the value of the country's fiat currency as a substitute for gold, but all this will be possible if the circulation of bitcoin remains at 21 million and does not increase or decrease.  For now, large-scale adoption will cause bitcoin fees to increase and it will still be a tough job for anyone who actively uses bitcoin, especially for transactions.

For me, the major benefit just in case it happens is the decentralization of economic power, by this, centralized platforms like banks or governments will be lessened as Bitcoin is already here that no one can control.
Another thing is the regulations, we all know how Bitcoin is really strict and hot in the eyes of regulators or governments, so expect more issues will come from governments.

And that's it. I don't see the point of thinking about what would happen if what will never happen were to happen.

It was a question that made more sense in the early years, until perhaps a couple of cycles ago, but today it is clear that Bitcoin is not going to be used for small payments and that governments are tolerating it to the extent that they can control it. Add to that the number of people who use it by buying it on CEX as an investment, and not as a currency, and we will see that there is no way it will become a global reserve currency.