A lot of persons tend to think that Bitcoin's risk is failure.
The deeper risk could actually be success.
If Bitcoin becomes globally dominant; governments stand to lose monetary flexibility, debt-driven economies begin to weaken, inflation taxation becomes less effective and controlling capital becomes harder.
States may tolerate Bitcoin while it is supposedly still growing in different regions. But widespread adopt could fundamentally challenge how modern governments finance themselves.
Bitcoins ultimate stress test may not be technology. It may be political tolerance!
If a government wants to use Bitcoin to increase the capacity of its economy, it can do so, but some consider the price volatility as the main opponent. Analyze the depth of Bitcoin, this financial system does not consider anyone as an opponent, but rather it is a potential street of investment.
If you analyze the characteristics of a debt-based economy, the economy of that country was relatively inflexible in its policies and was not ready to take risks. Because in a corrupt financial system, the wealth of the mountain goes to a small community, so the liquidity of the wealth depends on that community.
The decision of the states was not much affected by the global expansion of Bitcoin, and it will not be affected in the future. If the government of a country adopts a tolerant policy and wants to expand Bitcoin as a strategic reserve, it can coexist with the centralized economy of that country.