The volume of bitcoin transactions continues to grow steadily. According to Juniper Research, in March 2015 the number of transactions grew by 50 per cent on a year-by-year basis.

The company published the report on its website. Researchers suggest that bitcoin has limited prospects in the nearest future.

“Paper argues that usage will ... continue to be dominated by exchange trading, with retail adoption largely restricted to relatively niche demographics”

The growth in the number of payments should be subject to careful analysis. As the report’s author, Dr Windsor Golden, noted

“The indications are that much of this growth results from higher transaction levels by established users rather [than] from any substantial uplift in consumer adoption.”

Juniper Research also predict that the number of digital currency users will grow slowly.  By the end of 2019, there will be 4,7 million bitcoiners in the world, the analysts estimate.

2014 was an important year for bitcoin. As CoinFox reported earlier, almost half of bitcoin operations in the world happened in 2014.

The bitcoin data website Coincadence states that the number of transactions per day rarely went below 40,000 and occasionally exceeded 100,000. In 2012, the average number of bitcoin transactions seldom exceeded 1,000 per day.

In 2015, the number of daily transactions followed the trend. On January 14th, 2015, there were 114,787 bitcoin transactions. Bitcoin leaders believe that in spring and summer the number of transactions will break previous records.