Crypto survey shows less consumer scepticism, but a third expect bitcoin price fall
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Apr 08 2024
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Source: Yahoo Finance
- Consumers and Bitcoin: A Deutsche Bank survey shows consumers are becoming less sceptical about bitcoin, with 52% seeing cryptocurrencies as an important asset class in the future.
- Price Expectations: Around a third of U.S. respondents expect bitcoin to drop below $20,000 by the end of 2024, but this group is shrinking.
- Bitcoin's Perception: The number of people who view cryptocurrencies as a passing fad has decreased significantly.
- Price Predictions: Only 10% of respondents anticipate bitcoin to exceed $75,000 by the end of the year.
- Bitcoin Market: Bitcoin recently hit a three-week high, with analysts attributing the rise to excitement over spot bitcoin ETFs and expectations of rate cuts.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
