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Fewer than 1% of Consumers Express Doubts About Cryptocurrency
Analysts have noted a reduction in skepticism regarding digital assets. Just over half of consumers view cryptocurrencies as a significant asset class and a viable payment method. Only approximately 1% of them remain doubtful about crypto.
Researchers at Deutsche Bank carried out a survey, revealing that 52% of consumers regard cryptocurrencies as an “important asset class and method of payment transactions” for the future. As reported by Reuters, a similar statistic was recorded at under 40% last year.
The research indicates that only about 1% of consumers still perceive crypto as “just a fad that will eventually fade.” Analysts also observed a rise in enthusiasm for Bitcoin. Only around one-third of survey respondents believe that the price of BTC will dip below $20,000 in 2024, whereas at least 35% held such views a few months prior.
Approximately 10% of consumers anticipate that BTC will surpass $75,000 this year. The primary factors driving growth for the asset, according to respondents, are the excitement surrounding spot Bitcoin ETFs and the forthcoming halving.
Over 3,600 participants contributed to the Deutsche Bank study.
A month ago, BTC reached a new all-time high before experiencing a rapid decline. At the start of the current week, Bitcoin prices began to rise, exceeding $72,500.
In 2023, the global count of crypto users reached 580 million, with 51% being Bitcoin holders.
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