Deutsche Bank Survey: 52% of Americans View Cryptocurrencies as a Key Asset Class

A survey conducted by Deutsche Bank among 3,600 US consumers revealed growing optimism about cryptocurrency and its future adoption, as reported by Reuters.

According to the study, 52% of respondents stated that digital assets will become an “important class and method of money transfers” in the future. Previously, only 40% of those surveyed held this view.

Fewer than 1% of people consider cryptocurrencies “just a fad that will eventually disappear.”

About 33% expect Bitcoin to fall to $20,000 by the end of the year. This group is also shrinking — in January, the proportion of skeptics reached 36%.

However, only 10% of respondents are convinced that the price of the first cryptocurrency will exceed $75,000.

At the time of writing, Bitcoin is trading at $69,300, having decreased by 1.5% over the past day.

In March, a survey by Nickel Digital demonstrated increased interest from institutional investors in cryptocurrencies amid favorable industry development prospects. More than 74% of respondents intend to increase their positions in digital assets.

Back in September 2023, a study by ConsenSys showed that 99% of Nigerians are aware of the existence of cryptocurrencies, surpassing the US with a figure of 95%. According to global data, 92% of people worldwide are knowledgeable about this market sector.