Today I read information that a G7 report on cryptocurrency was published.
The authors of this document stated that bitcoin and other cryptocurrencies are not reliable means of payment and seem dangerous for storage.
Nevertheless, the report refers to the fact that stable coins are the exception and that such coins have real potential for everyday use.
The team that conducted the research turned up that not a single global project of stable coins can be legally used until the relevant laws are adopted for control, regulation, etc.
But the document also mentions that Bitcoin and other cryptocurrencies are still a highly speculative asset class.
Guys, I ask you to comment on this matter. After all, many are interested in the question of how exactly the G7 report will affect the entire cryptocurrency market.
There is nothing new for what I can see, they are still maintaining their posture that cryptocurrencies are not really good to be used for payments and are not a store of value, but it was to be expected, what are we waiting for? That they admit that bitcoin is better in many ways than their fiat and people should use it as a way to protect themselves from the crisis it will come, at this point I do not care what they say about bitcoin what I care about is that bitcoin keeps growing in popularity despite all of these obstacles.