Ya, it's funny how they worry about the idea of holding cryptocurrency, but then they hold cash. It's basically a projection for their own fears about what they're doing.

Except theirs is like the ass-end of the equation. With crypto, maybe there's risk but there's also huge upside. With fiat there's no upside and a way more likely downside.

Ya, predicting prices in terms of fiat is always murky.. it could be worth trillions if the fiat is worthless enough

I don't think it's impossible that governments will start backing their currencies by crypto. They could strategically own some or be in the process of getting it.

People talk about the possibility of a "FEDcoin", like governments coming out with their own blockchains. They could, but if it's centralized it won't be as secure and imo won't stick longterm. It seems smarter to get Bitcoin ahead of time and just guarantee that a dollar can be redeemed for X amount of btc, and then they avoid the chaos and have a softer landing away from the fiat system. And they still hang on to some aspect of control that way and don't have to admit that the currency failed.