Global: KPMG: Cryptocurrencies like Bitcoin are Not Store of Value [Yet]

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It will take a long time for cryptocurrencies like Bitcoin to attain the status of a store-of-value asset, said KPMG in its latest crypto study. The Big Four firm’s “Institutionalization of Cryptoassets” report asserted that assets like bitcoin could neither be used as a medium of exchange nor a store of value, mainly because of lack of trust and scalability. It suggested that crypto sector must undergo institutionalization if it plans to thrive any further concerning stability and adoption.

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