Deutsche Bank Announces Survey Results! Surprising Figures Predicted for Bitcoin (BTC) Price by the End of 2024!

Although Bitcoin has been experiencing consecutive declines lately, investors believe that BTC and cryptocurrencies are here to stay. However, they expect a decline in BTC in the short term.

According to Coindesk, a recent survey conducted by Deutsche Bank revealed the expectations of US consumers regarding Bitcoin, cryptocurrencies and stablecoins.

Less than 1% of respondents said they viewed Bitcoin as a fad, according to a Deutsche Bank survey, a figure that represents a sharp decline from previous years.

More than half of the respondents said they see crypto as an important asset and payment method, while 65% said they believe cryptocurrencies can replace cash.

However, the survey results showed that the situation is mixed for Bitcoin, as a third of the respondents said they expect the price of Bitcoin to remain below $60,000 by the end of 2024.

Only 12-14% of respondents believe that BTC will surpass $70,000 by the end of the year, while 40% of respondents expect BTC to rise in the coming years and 38% expect it to disappear completely.

The survey results finally revealed that stablecoins are also facing uncertainty. 42% of the participants predicted that stablecoins will disappear. In contrast, only 18% of the participants stated that they expect stablecoins to develop.

*This is not investment advice.

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Source: https://en.bitcoinsistemi.com/deutsche-bank-announces-survey-results-surprising-figures-predicted-for-bitcoin-btc-price-by-the-end-of-2024/