Deutsche Bank Survey: Over 50% Believe Cryptocurrencies are the Future, 30% Predict Bitcoin to Fall Below 20K

More than 50% believe that cryptocurrency is the future
Still, 30% believe Bitcoin will fall to $20,000
More than 50% believe that cryptocurrency is the future
According to Reuters, Deutsche Bank conducted a survey on over 3,600 consumers in this cryptocurrency poll.
52% of respondents stated that cryptocurrencies will become “an important asset class and payment method” in the future.
In the survey conducted in September 2023, less than 40% of respondents had a positive attitude towards crypto assets.
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Still, 30% believe Bitcoin will fall to $20,000
The respondents who are bearish on Bitcoin have gradually decreased as the price of BTC has risen. In January, 36% of U.S. respondents believed that Bitcoin would fall below $20,000. In February, it was 35%, and currently it is only 30%.
The respondents pointed out that with the successful listing of Bitcoin spot ETFs, it is seen as a way accepted by traditional financial and regulatory institutions, which has led to higher adoption of cryptocurrencies.
However, even though Bitcoin is now only a step away from $75,000, only 10% of respondents predict that Bitcoin will end the year with a price above $75,000.
In addition, 1% of respondents believe that cryptocurrency is just a passing trend that will disappear over time.
Deutsche Bank’s positioning in the crypto field seems quite aggressive. In June last year, the bank applied for a license to operate digital asset (such as cryptocurrency) custody services.
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Deutsche Bank registers with German regulators to offer custody services
)
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Further reading
Genesis sells GBTC and buys Bitcoin to settle debt of £2.1 billion
Ethena (ENA) adds BTC support to expand USDe’s scale