What does the future hold for Bitcoin?

With institutional interest in Bitcoin still growing, rising demand might drive prices significantly higher. But we still doubt that Bitcoin will take over from established fiat currencies or usurp gold as the preferred store of value, which casts doubt over the sustainability of these rises. The macroeconomic consequences of a crash in crypto prices would be small. The growing crypto derivatives market is of potential concern, but if it starts to pose a systemic risk, regulation is likely to be stepped up.