Deutsche Bank Survey: Over Half Expect Crypto to Become 'Important' Asset Class and Payment Method
According to the survey, which was conducted in March, more than half (52%) of the respondents believe that cryptocurrencies will become an “important asset class and method of payment transactions” in the future, compared to less than 40% in the September 2023 survey
A recent Deutsche Bank survey of over 3,600 consumers, published this week, indicates a decline in consumer skepticism towards bitcoin.
According to the survey, which was conducted in March, more than half (52%) of the respondents believe that cryptocurrencies will become an “important asset class and method of payment transactions” in the future, compared to less than 40% in the September 2023 survey.
The survey also found that 40% of respondents are confident about bitcoin thriving over the next few years while 38% expect it to disappear. Additionally, less than 1% consider crypto “just a fad that will eventually fade.”
The number of U.S. respondents in the Deutsche Bank survey who expect bitcoin to fall below $20,000 by year-end is decreasing. Currently, one-third hold this view, down from 36% in January and 35% in February. Moreover, 10% of respondents expect bitcoin to be above $75,000 by year-end.
