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.