$BTC 🤔 Does crypto threaten the global economy?

🏦 The Bank of Italy published a fresh report, noting that cryptocurrency poses a threat to the global economy.

🧐 Here are a few arguments made by the financial institution:

1️⃣ The rapid growth of Bitcoin and other volatile assets could affect not only investors but also financial stability, considering the connections to the traditional economy.

2️⃣ Non-financial companies investing in BTC are exposed to sharp price fluctuations.

3️⃣ Stablecoins pegged to the dollar could become systemically important to the global financial system, and their dependence on US government bonds is particularly dangerous.

4️⃣ A failure in such assets could trigger a domino effect in the global financial system.

🧐 What do you think about this?