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Will Reach Its Highest And Will Fall Half Way. MathematicIans Forecasts About The Future Of Bitcoin.

Bitcoin

Robert Wichert

British, German and Spanish mathematicians have predicted the future of Bitcoin and other crypto-currencies. The mentioned research is available in the electronic preprints library arXiv.org.

According to the researchers’ estimates, Bitcoin’s share in the total market capitalization of crypto-currencies by 2025 will drop to 50 percent, while the total number of other payment systems will grow.

As of May 2017, the market capitalization of all crypto-currencies is estimated at $ 91 billion! 70 percent of that fortune belongs to Bitcoin, and about 20 percent belong to the other five popular crypto-currencies (Ethereum, Ripple, Litecoin, Dash and Monero).

The results of the research show that Bitcoin’s price is negatively related to the mood of a neutral investor, gold price and the exchange rate of the yuan to the US dollar, while the Bitcoin’s price positively related to the stock market index, the US dollar-to-euro exchange rate. As a result, a conclusion may be made that bitcoin has mixed properties; because it still seems that it acts as a speculative, but safe shelter and a potential tool for capital transactions, but is not a sustainable mean of payment.

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One Response

  1. I remember how they predicted the drop of bitcoin 104 times already. But bitcoin is still strengthening its position.

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