Deutsche Bank: About a third of respondents expect Bitcoin to fall below $20,000 by the end of the year

PANews April 9 news, according to a report by Bloomberg, consumers are divided on the staying power of Bitcoin, according to a Deutsche Bank survey, with about one-third of respondents expecting Bitcoin to fall to 50% by the end of the year. Under $20,000. This would bring the coin’s current price down by around $50,000, back to levels seen during the deep bear market of 2022. Only 10% of more than 3,600 people surveyed believe Bitcoin will exceed $75,000 by the end of December. About 40% of respondents believe Bitcoin will flourish in the coming years, but 38% think it will disappear. Meanwhile, a survey conducted in March showed that less than 1% of people believe that cryptocurrencies are a trend.

It is worth noting that Deutsche Bank’s previous survey in January had similar results to this survey. The result of the survey at that time was that more than one-third of the respondents expected Bitcoin to fall below $20,000.