Deutsche Bank Survey: Over 50% believe cryptocurrency is the future, 30% think Bitcoin will fall below 20K

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Over 50% Believe Cryptocurrency is the Future

According to Reuters, Deutsche Bank conducted a cryptocurrency survey involving over 3,600 consumers.

Among them, 52% of respondents believe that cryptocurrency will become an "important asset class and payment method" in the future.

In a survey in September 2023, less than 40% of respondents had a positive outlook on crypto assets.

Still, 30% Think Bitcoin Will Fall to 20K

For those bearish on Bitcoin, the percentage of U.S. respondents expecting BTC to fall below $20,000 has gradually decreased as the price of BTC has risen. In January, 36% of U.S. respondents believed Bitcoin would drop below $20,000, in February it was 35%, and now it stands at 30%.

Respondents pointed out that with the successful launch of Bitcoin spot ETFs, seen as a way accepted by traditional financial and regulatory institutions, cryptocurrency assets are gaining higher adoption.

However, despite Bitcoin being just a step away from $75,000 currently, only 10% of respondents predict Bitcoin will end the year above $75,000.

Additionally, 1% of respondents believe that cryptocurrency is just a passing trend and will disappear over time.

Deutsche Bank seems to have a proactive approach in the crypto space, as it applied for a license to operate digital asset custody services such as cryptocurrency in June last year.

Deutsche Bank Registers Custody Business with German Regulator