30% of Deutsche Bank Clients Anticipate Bitcoin Below $20k

Customers’ views on cryptocurrencies are evolving, according to a new Deutsche Bank poll. The study, which had over 3,600 respondents in the United States, was carried out by the massive German international investment banking firm.

52% of respondents now view cryptocurrencies as important assets and payment methods for the future, according to the results, indicating a noticeable shift in mood. Compared to September 2023 figures, this represents a 12% rise.

The study also reveals a cautious attitude among respondents, despite this encouraging trend. In January, this percentage was somewhat lower. By the end of 2024, about 30% of respondents thought the price of Bitcoin will fall below $20,000.

Evolving Perceptions

The study reveals an interesting trend: fewer people now think that cryptocurrencies are just a passing fad. These days, less than 1% of respondents have this opinion, indicating that more people are beginning to see cryptocurrencies as reliable financial tools. That being said, only 10% believe that Bitcoin will reach $75,000 by the end of this year.

There is conjecture around the possible influence of Bitcoin’s upcoming fourth halving event on its pricing. Some experts say that this time around, the halving will not result in price drops as past trends predict. As a potential game-changer that might inject fresh capital into the market, they refer to the rise of spot Bitcoin exchange-traded funds (ETFs).