5 months ago
33 ARTICLE AD
Survey shows deep divide on Bitcoin's value, with 38% predicting its demise.
A recent Deutsche Bank survey indicates that around 30% of its consumers see Bitcoin (BTC) closing 2024 below $20,000, as reported by Bloomberg. The survey captured insights from the bank’s customers located in the UK, Euro area, and the US, where the percentage of customers predicting a bitter end for BTC this year is over 30%.
However, around 15% of Deutsche Bank’s US customers believe that Bitcoin might have a yearly closure above $75,000, also the largest percentage on this prediction. This might be seen as a polarized view by US investors, where the landscape was shaken by the approval of spot BTC exchange-traded funds (ETFs) in January.
Image: Deutsche Bank/BloombergAccording to asset management firm CoinShares’ latest report on crypto funds’ weekly flows, the US is the region with the most investments in these investment products, with over $14 billion allocated to them in 2024 alone. Most of this significant inflow movement can be tied to Bitcoin ETFs.
Moreover, the enthusiasm surrounding spot Bitcoin ETFs is seen as responsible for BTC reaching a new all-time high at $73,737.94, which is 67% up from 2024’s opening price. The upcoming halving might propel Bitcoin prices even further this year.
Despite the skepticism, 40% of respondents maintain confidence in Bitcoin’s longevity, while 38% foresee its disappearance. Notably, less than 1% dismiss crypto as a passing trend.
The information on or accessed through this website is obtained from independent sources we believe to be accurate and reliable, but Decentral Media, Inc. makes no representation or warranty as to the timeliness, completeness, or accuracy of any information on or accessed through this website. Decentral Media, Inc. is not an investment advisor. We do not give personalized investment advice or other financial advice. The information on this website is subject to change without notice. Some or all of the information on this website may become outdated, or it may be or become incomplete or inaccurate. We may, but are not obligated to, update any outdated, incomplete, or inaccurate information.
Crypto Briefing may augment articles with AI-generated content created by Crypto Briefing’s own proprietary AI platform. We use AI as a tool to deliver fast, valuable and actionable information without losing the insight - and oversight - of experienced crypto natives. All AI augmented content is carefully reviewed, including for factural accuracy, by our editors and writers, and always draws from multiple primary and secondary sources when available to create our stories and articles.
You should never make an investment decision on an ICO, IEO, or other investment based on the information on this website, and you should never interpret or otherwise rely on any of the information on this website as investment advice. We strongly recommend that you consult a licensed investment advisor or other qualified financial professional if you are seeking investment advice on an ICO, IEO, or other investment. We do not accept compensation in any form for analyzing or reporting on any ICO, IEO, cryptocurrency, currency, tokenized sales, securities, or commodities.
