Deutsche Bank has compared the era of cryptocurrencies with the development of the Internet!

Deutsche Bank analysts compared the development of cryptocurrencies with the development of the Internet
Deutsche Bank analysts assessed the futuredigital payments, comparing the growth of the user base of cryptocurrency wallets with the development of the Internet in its early years.

The researchers came to the conclusion that the spread of blockchain and cryptocurrencies is similar to the trend in the development of the Internet, but the number of users of digital currencies is significantly lower.

8 years after the advent of the Internetmore than 500 million people have already used it, and cryptocurrencies during the same period of time have attracted only 50 million users. Deutsche Bank analysts believe that a similar dynamics of the lag will be observed in the future. More than 4 billion users began using the Internet in less than 25 years, and cryptocurrencies, according to the authors of the report, will attract about 300 million users over the same period.

Overall, Deutsche Bank researchers are positivelook at the prospects of cryptocurrencies and predict their widespread use. Despite the fact that at the moment a relatively small group of people have bought and held digital currencies, about 200 million people could become users of cryptocurrency wallets by 2030. However, for this scenario to happen, a certain catalyst is needed.

"If the Chinese authorities in parallel with Google, Amazon,Facebook, Apple or, for example, the Chinese company Tencent will be able to overcome existing barriers, then cryptocurrencies can become more attractive. Ultimately, they can replace traditional money, ”the researchers say.

In addition, recently analysts from Deutsche Bankpublished a report according to which Bitcoin's volatility is currently too high and this prevents it from becoming a “reliable” store of value. Speaking about volatility, researchers rely on pricing data from 2017-2018.

Late last year, Deutsche Bank strategist JimJim Reid expressed the opinion that cryptocurrencies could begin to attract large capital flows if the existing fiat system continues to show its weaknesses.

source: https: //bits.media/analitiki-deutsche-bank-sravnili-razvitie-kriptovalyut-s-razvitiem-interneta/