Deutsche Bank Survey: Over 50% Consider Cryptocurrencies the Future, 30% Believe Bitcoin Will Fall Below 20K

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Over 50% believe that cryptocurrency is the future
30% still believe Bitcoin will drop to 20K
Over 50% believe that cryptocurrency is the future
According to Reuters, Deutsche Bank conducted a survey on cryptocurrencies, polling over 3,600 consumers.
52% of the respondents stated that cryptocurrencies will become “important asset classes and payment methods” in the future.
In a survey conducted in September 2023, less than 40% of respondents held a positive attitude towards crypto assets.
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30% still believe Bitcoin will drop to 20K
Among those who are bearish on Bitcoin, there has been a gradual decrease as BTC prices rise. In January, 36% of American respondents believed that Bitcoin would drop below $20,000, which decreased to 35% in February, and now stands at 30%.
Respondents pointed out that with the successful listing of Bitcoin spot ETFs, which are seen as a way accepted by traditional financial and regulatory institutions, cryptocurrencies are gaining higher adoption rates.
However, despite Bitcoin being just a step away from $75,000, only 10% of respondents predict that Bitcoin will close the year with a price above $75,000.
In addition, 1% of respondents believe that cryptocurrencies are just a passing trend that will disappear over time.
Deutsche Bank seems to have a proactive approach to the cryptocurrency field, as it applied for a license to operate digital asset (such as cryptocurrencies) custody services from regulatory authorities in June last year.
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Deutsche Bank applies for custody business registration with German regulators
)
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