According to a new survey from Deutsche Bank, consumer doubts about Bitcoin have decreased, although less than one-third of respondents believe that there will be a significant price decrease by the end of 2024.
The survey was conducted on April 8 and included over 3,600 participants. Just over half (52%) of the respondents believe that cryptocurrencies will become a significant asset class and method of payment in the future.
In a previous survey conducted by Deutsche Bank in September 2023, only 40% of participants shared this sentiment.
The number of respondents who view crypto as a passing fad has also decreased to less than 1% based on the latest survey. It also examined the potential impact of the upcoming Bitcoin halving on its price.
Analysts from Deutsche Bank stated that they anticipate the price to be supported by regulatory measures, interest rate cuts from central banks, and the possibility of a spot Ethereum exchange-traded fund (ETF) being approved by the United States Securities and Exchange Commission (SEC).
