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Bitcoin Seen Below $20,000 in Consumer Survey by Deutsche Bank

Published 04/10/2024, 03:59 AM
Updated 04/10/2024, 04:15 AM
© Reuters.  Bitcoin Seen Below $20,000 in Consumer Survey by Deutsche Bank

  • Deutsche Bank survey indicates divided sentiment on Bitcoin’s future.
  • 10% of respondents anticipate Bitcoin surpassing $75,000 by December.
  • Experts from Deutsche Bank predict Bitcoin will maintain a sustained upward trend.

Deutsche Bank, a German multinational investment bank, surveyed consumers regarding Bitcoin’s future trajectory. The results show a divided sentiment, with about one-third of respondents anticipating the world’s first cryptocurrency to plummet below the $20,000 mark by the year’s end.

This projection suggests that Bitcoin will lose $50,000 from its current valuation. This price dip will see the coin reach levels observed during the crypto winter of 2022.

Of the over 3,600 individuals surveyed, only 10% predict Bitcoin will surpass $75,000 by December’s close. Meanwhile, 40% are confident in the cryptocurrency prospects. In contrast, 38% anticipated its eventual disappearance, anticipating Bitcoin to lose its total value and market relevance.

Meanwhile, less than 1% of respondents consider cryptocurrencies “just a fad that will eventually fade.” The survey’s findings reflect the ongoing debate surrounding Bitcoin’s viability and the v…

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