Consumers Are Becoming Slightly Less Skeptical About Bitcoin - Surveys Shows
Hey folks.
A survey published by Deutsche Bank on Monday showed that consumers are becoming slightly less skeptical about Bitcoin, although, less than one-third of respondents still believe that by the end of 2024, the price will have dropped significantly.
Although investors have poured billions of dollars into the leading cryptocurrency Bitcoin hoping to make profits if the price of Bitcoin rises, according to top regulators, Bitcoin has no inherent value and present risks.
According to Deutsche Bank, it has surveyed more than 3,600 consumers with 52% of respondents stating that cryptocurrencies will be an important asset class and method of payment transactions in the future. When surveyed in September 2023, less than 40% said that.
According to a third of American respondents, bitcoin will fall below $20,000 by the end of 2024. The size of this group is gradually decreasing. In January it was 36%, while in February it was 35%.
The number of people dropped to less than 1% who think cryptocurrencies are just a fad that will eventually fade. Still, respondents who expect Bitcoin to be above $75k by year-end are only 10%.
On Monday, Bitcoin hit a three-week high. In March, Bitcoin reached an all-time high of $73,803.25, recovering from a dramatic plunge in 2022.
The current surge in bitcoin prices above $70,000, according to some analysts, indicates that investors are ignoring the warnings.
Analysts at the Deutsche Bank expect the price of Bitcoin to be supported by the upcoming Bitcoin Halving as well as regulation etc.
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well, BTC would be a very promising coin in the future no doubt about that.
But what we should be concerned and to some level hopeful that - in the future this coin grabbing more other commutative function as such : financial transactions and how we exchange things to different times.
Its all going to happen, no doubt.