Odaily News In its April 2025 Financial Stability Report, the Bank of Italy stated: "The strong growth of Bitcoin and other highly volatile crypto-assets not only represents risks for investors, but may also pose a potential threat to financial stability due to the growing links between the digital asset ecosystem and the traditional financial sector and the real economy." The report also noted that non-financial companies holding Bitcoin "expose them to significant price volatility" and warned that stablecoins pegged to the US dollar could pose risks "if they become systemically important."