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RE: National Fiat Currencies Will Soon Start To Tokenize On Public Blockchains.
I'm not sure if governments have any reason to do this directly. We already see it happening indirectly with Cloud and Tether and there will be more on the way.
The true value of crypto is ensuring that you don't have to trust a central authority when it comes to inflation distribution. If any country has the balls to pull that off; to create a currency that they have little control over, I would be thoroughly impressed.
The cost savings are tremendous but governments love to waste tax payer money so....
To create their own decentralized currency with limited supply? Yeah I doubt that's happening anything soon but tokenizing their fiat money makes a lot of sense. This would only accelerate Crypto adoption. I do think it very unlikely in the short term Crypto will replace Government money, however all Crypto needs to do is become an alternative asset to be highly successful. Longterm 20-30 years Crypto does pose a threat to inflatable fiat.