Central bankers have three alternatives: 1. Go full Bitcoin, accept the inevitability of hyperbitcoinization 2. Adopt a hyperdeflationary monetary policy with the same credibility as Bitcoin’s, try to compete 3. Mix of 1 & 2 where they have BTC reserves but still try to compete
It will be #3, as long as there are idiots who want government ‘protection’ and from whom you can ‘extract’ funds, why give up on that?