BFC Bulletins Monthly News Digest
A recent Deutsche Bank survey of more than 3,600 consumers indicates a decline in consumer skepticism toward cryptocurrencies. In particular, 52% of survey respondents believe that cryptocurrencies will become “an important asset class and method of payment transactions” in the future, up from less than 40% in September 2023. Additionally, less than 1% now consider crypto as “just a fad”. The survey also found that 40% of respondents are confident about bitcoin thriving over the next few years, with 38% expecting it to disappear. In fact, the number of US respondents expecting bitcoin to fall to a value below USD 20,000 by the year’s end is decreasing. Moreover, 10% believe it could exceed USD 75,000 by year-end, driven by bitcoin halving and a rising demand for spot bitcoin exchange-traded funds (ETFs).
