UBS thinks that Bitcoin shall reach price of $213000 to replace US money, including banknotes, coins, traveler checks and other, Bloomberg reports. Besides, significant improvement of network’s processing capacities is necessary, as it now represents very small portion of capabilities of such companies as Visa Inc.

In today’s form Bitcoin is too unstable and limited to become reliable instrument of payments in global transactions or significant asset class, UBS report mentions.

As research shows use of Bitcoin in commercial deals fell compared with peak in September. Speculative demand accounts for 70% of changes in cryptocurrency’s prices making Bitcoin attractive to speculative investors mostly.