Reserve Bank of Australia: Bitcoin value is very low compared to the Australian dollar

According to AMBCrypto, the Reserve Bank of Australia (RBA) has published an official article detailing their views on the use of cryptocurrencies. The article states: “People are more likely to view cryptocurrencies as speculative high-risk investment categories rather than payment systems. For the foreseeable future, we believe that the possibility of using cryptocurrencies in Australian retail payments is small.” RBA said The instability of Bitcoin makes it less valuable than the Australian dollar (AUD).