Analyzing Bitcoin’s Market Share Decline Over 20 Years: An Agent-Based Model Simulation

Abstract This study employs an agent-based model (ABM) implemented in Python using the Mesa framework to simulate the potential decline of Bitcoin's market share over a 20-year period. The model incorporates key factors influencing cryptocurrency adoption, including Bitcoin's scalability issues (increasing transaction fees and confirmation times), the technological advantages of competing altcoins, and the influence of early adopters through…