Blackstone Executive Vice Chairman Tony James says he's less optimistic now than before that the U.S.-China trade war could be resolved, but even a smaller deal could help...World Economyread more
The massive market transformation this month that some on Wall Street called a "once in a decade opportunity" might have just been a one-off technical move because of taxes.Marketsread more
The Pentagon will deploy U.S. forces to the Middle East on the heels of the attack on Saudi Arabian oil facilities, United States Secretary of Defense Mark Esper announced...Defenseread more
CNBC did a deep dive through the most recent Wall Street research to find stocks that analysts say are underappreciated.Marketsread more
Shares of MasterCard are up 46% this year, and 1120% since 2011, getting a boost from the strong U.S. consumer.Investingread more
CNBC sat in on an "empathy training" at Amazon PillPack's Somerville offices, which is part of new hire orientation.Technologyread more
Trade with China is the 'big unknown' for the Federal Reserve as it decides how best to support the U.S. economy, says Council on Foreign Relations Director of International...Futures Nowread more
Lobbying experts said the visit is likely an attempt to be in lawmakers' ears as they consider legislation that would impact Facebook.Technologyread more
Yardeni Research's Edward Yardeni believes the U.S. economy is picking up steam.Trading Nationread more
Iran's audacious drone and cruise missile attack on Saudi Arabia's oil producing facilities has provided a critical test yet for the Trump administration's foreign policy. A...Politicsread more
The bitcoin cryptocurrency system will have nearly 5 million active users by 2019, but it will still remain a niche marketplace, according to new research.
Although several big-name retailers have begun accepting the fledgling digital currency, its user base and transaction volume will only see modest gains, a report released Tuesday by market insight firm Juniper Research predicted. Because of relatively slow consumer adoption, the report, The Future of Cryptocurrency: Bitcoin & Altcoin Impact & Opportunities 2015-2019, advised retailers to not bother with the technology.
"To my mind there are far more pressing needs for the retailers, there are so many other payment options emerging," Windsor Holden, head of forecasting and consultancy at Juniper, told CNBC. "It's not a key differentiator for a retailer that you offer bitcoin—it's not going to be a unique selling point."
Holden, who authored the new study, predicted that bitcoin's active user base will rise to about 4.7 million by 2019 from about 1.3 million in 2014.
That growth, however, will not directly translate to an increase in the value of bitcoin transactions. In fact, the Juniper report predicts a major drop in the total sum of transaction values for 2015, followed by a gradual increase through 2019. The paper attributes this fall in part to temporary trader concerns over the cryptocurrency's future.
And there are several major impediments for bitcoin and other cryptocurrencies' (generally known as altcoins) ascension to the mainstream, Holden said. He pointed to three things keeping the technology within a relatively narrow world: The prices of these digital assets have gone through significant volatility since their inception, exchanges have suffered thefts and mysteriously missing funds, and becoming an active consumer or retail user requires some tech know-how.
Read More Bitcoin just got serious
"These all make it exceedingly difficult to bring bitcoin, to bring altcoin, into the mass market," he said, adding that technologies like Apple Pay should be the focus of most retailers.
Still, the volatility issue will likely decline, Holden said.
Juniper's analysis expected that some kind of regulation would occur on cryptocurrency exchanges in the short to medium term, which should calm the price movement somewhat, he said.