Controversial Bitcoin Report from German Banking Giant Deutsche Bank! “Expectation of $20,000 in BTC Still Continues!”

While Bitcoin, the leading cryptocurrency, reached a new ATH after the rally in March, it fell to $ 60,000 in the subsequent decline.

While BTC continues its volatile movements, the striking results of the survey conducted by German banking giant Deutsche Bank were announced.

According to Reuters, Deutsche Bank announced the results of its survey of more than 3,600 consumers and said that 52% of respondents think cryptocurrencies will be “an important asset class and method of payment transactions” in the future. Less than 40% of respondents thought so in the September 2023 survey.

While one-third of those surveyed stated that they expected Bitcoin to fall below $20,000 by the end of 2024, this figure was 35% in February and 36% in January.

“The decrease in the number of those expecting a decline indicates that consumers have become slightly less skeptical of Bitcoin,” the survey report said. expressions were used.

While the number of those who think that cryptocurrencies like BTC are “coins and a fad that will eventually disappear” dropped below 1%, the number of bullish ones remained relatively low.

Because only 10% of those surveyed said they expected Bitcoin to be above $75,000 by the end of the year.

Finally, Deutsche Bank analysts said they expect the Bitcoin price to be supported by the upcoming “Bitcoin halving,” as well as cryptocurrency regulations, possible FED interest rate cuts, and expectations that the SEC will approve spot Ethereum ETFs.

*This is not investment advice.