Deutsche Bank analysts compare the development of cryptocurrencies with the development of the Internet
Deutsche Bank Analysts Estimated Future digital payments, comparing the growth of the user base of cryptocurrency wallets with the development of the Internet in its early years.
The researchers concluded that the spread of blockchain and cryptocurrencies is similar to the development trend of the Internet, but the number of users of digital currencies is much 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.
Deutsche Bank researchers overall positiveThey look at the prospects of cryptocurrencies and prophesy them widespread. Despite the fact that at the moment a relatively small group of people bought and holds digital currencies, about 200 million people can become users of cryptocurrency wallets by 2030. However, a certain catalyst is needed to implement this scenario.
"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, the other day, analysts at Deutsche Bankpublished a report according to which the volatility of bitcoin is currently too high and this does not allow it to become a “reliable” means of accumulation. Speaking of volatility, the researchers rely on pricing data for 2017-2018.
Late last year, Deutsche Bank strategist JimReim (Jim Reid) expressed the opinion that cryptocurrencies can begin to attract large flows of capital if the existing fiat system continues to show its weakness.
source: https: //bits.media/analitiki-deutsche-bank-sravnili-razvitie-kriptovalyut-s-razvitiem-interneta/