back in 2015 the G7 was only concerned with the "appropriate regulation" of cryptocurrencies and not with the asset class potential of cryptocurrencies. Bitcoin, ether and zcash are nowhere to be found on the list of eligible instruments and currencies that central bankers are allowed to trade.
In 2018, things will be different. G7 central banks will start buying cryptocurrencies to bolster their foreign reserves.
@amrhawary its a interesting look out you have put forth. Need to agree with you. Its not far away to see g7 banks approach to crypto currencies
G7 countries hold massive reserves of each other's currencies as a foreign exchange reserves. Most of these countries also hold vast warehouses of gold reserves. Canada is the exception, as we recently liquidated all of our gold. G7 normally also hold special drawing rights (SDR) and marketable securities denominated in foreign currencies like government bonds, corporate bonds treasury bills, corporate equities and foreign currency loans.
long story short the values of G7 currencies are devaluing against crypto currencies. The SDR and G7 country currencies will be forced to alter their foreign reserve weightings and eventually include a basket of cryptos