If you want to believe a Polish study, the crypto currency Bitcoin is better than its reputation based on the current rate. The Institute of Nuclear Physics of the Polish Academy of Sciences (IFJ PAN) concludes that the coin fulfilLs essential characteristics of a normal currency.
Crypto currencies can replace normal currencies
The currency market is a hot potato – especially in the area of digital forex such as Bitcoin. The comparison with classical currencies is repeatedly criticized. In fact, crypto currencies are less bad than expected, especially in Central and Eastern Europe. Researchers at the Institute of Nuclear Physics of the Polish Academy of Sciences (IFJ PAN) have now discovered that the Bitcoin has achieved better performance than expected. The evaluation of the institute has proven The Bitcoin market has fulfilled the usual parameters of a financial market for months and is sufficiently mature.Exchange rate changes are also similar to classic currencies
In the course of the price evaluation, it became clear that the Bitcoin price, in view of the time scales, mathematically showed a return over a total of two years that corresponded to a normal mature market. The volatility of the situation is identical. The professionals at Drozd, for example, have come to the conclusion that the Bitcoin has fulfilled the characteristics required to produce the function of multifunctional and yield fluctuations for half a year now. This was previously the case, but since spring 2018 this has been the case in particular. This makes the crypto currency and prices comparable with other markets such as bonds, commodities and equities.
The survey was published in the magazine “Chaos: An Interdisciplinary Journal of Nonlinear Science”. This very study shows that the Bitcoin and comparably successful coins can very well compete with the normal currency market.