Consumers are becoming slightly less sceptical about bitcoin, according to a Deutsche Bank survey, although just under a third of those questioned still expect its price to drop sharply by the end of 2024, reports Reuters.
Although people have poured billions of dollars into bitcoin, hoping for returns if its price rises, top regulators have said it has no inherent value and presents risks.
Deutsche Bank said it surveyed more than 3,600 consumers, with 52% of respondents saying cryptocurrencies will be an “important asset class and method of payment transactions” in future. Less than 40% said that when surveyed in September 2023.
A third of US respondents expect bitcoin to drop below $20,000 by the end of 2024. This group is getting slightly smaller. It was 35% in February and 36% in January.
The number of people who think cryptocurrencies are “just a fad that will eventually fade” dropped to less than 1%.
Still, only 10% of respondents expect bitcoin to be above $75,000 by year-end.
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