Bitcoin can become a competitive mechanism for implementing payments and a full-fledged asset class, if you solve the scalability problem and will receive the support of regulators. This opinion was expressed by analysts at the Swiss financial holding UBS, writes CoinDesk.

According to research by UBS, sent to customers of the Bank, at the moment bitcoin is a form of money or a viable asset due to the limited issuance and high volatility.

Experts at UBS said that bitcoin will replace Fiat currency in that case, if its capacity will improve, and the price of cryptocurrencies will rise to $213 thousand.

The conclusions of the study authors based on comparison of bitcoin with different asset classes and macro variable parameters.

We will remind, in April, UBS based on the blockchain the platform of Batavia held its first cross-border deal.

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