Bitcoin adoption takes many forms, legalizing its use for the people, trade relations with other countries, etc. So which one should be suspected? Maybe, if they have certain regulations that are unfair, but I can't imagine that and draw a conclusion before there are case examples.

Yeah, that doesn't sound really good. But I'm not so sure that it would be possible around the globe, perhaps only in the biggest countries.

No, governments around the world will not adopt Bitcoin because it is decentralized and they cannot control it, and anything that the government cannot manage is usually rejected; in fact, they will hunt for methods to oppose it.

There will be no suspicion if they use Bitcoin because blockchain technology will make their job and financial expenditures more transparent. However, corrupt regimes that seek to launder money would never accept Bitcoin because blockchain will expose them.


Market effect in what form?

If there is global adoption, Bitcoin will gain more popularity and it will keep having value.
Even without government adoption, Bitcoin will keep growing and will one day be a global general digital currency.

Bitcoin becoming a global reserve currency would change how we view money. Adopting BTC, a symbol of decentralised finance, would undermine government monetary policy sovereignty. This could be a strategy to stay ahead in the changing financial world. Are they embracing the future or trying to co-opt a decentralised revolution? Bitcoin adoption by nations might diversify and strengthen the global financial system. It imagines a world where currency is a global asset unconstrained by geopolitics.

Crypto markets may enter a new age with this change. Bitcoin would become less speculative and more practical. Individual traders should evolve to comprehend cryptocurrencies' economic ramifications. We must adapt and innovate in this new financial world order as a community.

Slowly government will allow with many business and companies have good viewed or accepted bitcoin as payment currency in the future regarding how costumer expected easily payment using bitcoin. Government looking bad viewed when accepting bitcoin as legal payment transaction will give bad impact with their local currency leaves by the citizen and prefer keep use bitcoin how easily make transaction without get limit sending fund.

Bitcoin have adopted by many companies and business model right now but government still not allowed as payment transaction, but if have revolution with new government actually get chance with bitcoin become legal payment currency in the future. Right now some countries still dominance with parliament or president not support with bitcoin, but every government change each 5 years get potential if new president have positive viewed with bitcoin in the future and legal it as payment currency.

The most that may happen is that countries add Bitcoin to the central reserve bank of those countries or that it is used to settle payments for international trade as an alternative to the dollar or exchanging local currencies, but it will inevitably not be the No. 1 monetary reserve currency, but it could be in a position similar to gold or a safe haven currency and it all depends on the future development of Bitcoin.

A centralized entity adopting a decentralized system? Not going to happen.
For Bitcoin to be a global reserve currency, it first has to be accepted as legal tender and no country owns Bitcoin so no country can make it a "global reserve currency". Different countries have to accept it individually first.

I don't need Bitcoin to be legal tender, I just need the government not to be against it so people who want to use it can use it freely without any limitations. If it's not legal tender but people are free to accept it if they want and the government is not against it then I don't see a problem.

I think you are trying to say that if BTC becomes a global reserve currency means managed by governments then it might be manipulated or maybe go near to a centralized one. If that's what you are asking then let me clear a few points BTC is still being manipulated by many market makers and the second thought about centralization, then it can not be centralized anytime. Because it is running on different nodes placed at different places in the world.

If some government adopts it, then the price of BTC will shoot up like it did when El Salvador adopted it. and now I am hearing Argentina has also adopted BTC but has not made it a legal tender yet. Besides the decentralization factor, BTC is not capable of handling millions of transactions made in a single day, I have said many times before it can't even process the transactions of El Salvador's country if each individual made a single transaction in one day (as there is around 7 million population of it). So, it is not possible for the nations to adopt it as legal tender but they can make its trading and usage legal and it is in the benefit of the crypto market. But with rules and authorities, there come requirements which it had to follow.

If Bitcoin were adopted as a global reserve currency, it would present both opportunities and challenges. The potential benefits include technological advancements, increased financial inclusion, and currency competition. However, concerns include volatility, regulatory issues, and environmental impact. The transition would require careful coordination, and the outcome could reshape global financial dynamics, impacting traditional currencies and influencing geopolitical power.