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Less Than 1% of Consumers Skeptical About Crypto

10.04.2024
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Analysts record a decline in skepticism about digital assets. Just over half of consumers consider cryptocurrencies an important asset class and a payment method. Only about 1% of them are still skeptical about crypto.

Less Than 1% of Consumers Skeptical of Crypto

Analysts at Deutsche Bank conducted a survey, finding that 52% of consumers consider cryptocurrencies as an “important asset class and method of payment transactions” in the future. According to Reuters, a similar figure was found at less than 40% last year.

The study states that only about 1% of consumers still consider crypto “just a fad that will eventually fade.” Analysts also saw an increase in enthusiasm for Bitcoin. Only about a third of survey participants believe that the price of BTC will fall below $20,000 in 2024 , although there were at least 35% of such skeptics a couple of months ago.

Only about 10% of consumers believe that BTC in the current year will exceed $75,000. The main growth drivers of the asset respondents call the excitement around spot Bitcoin ETFs and the upcoming halving.

More than 3,600 respondents took part in the Deutsche Bank study.

A month ago, the price of BTC reached its new all-time high, after which it began to fall rapidly. At the beginning of the current week, Bitcoin quotes began to grow, and its price rose above $72,500.

In 2023, the global number of crypto users reached 580 million people, 51% of which are Bitcoin holders.

Сообщение Less Than 1% of Consumers Skeptical About Crypto появились сначала на CoinsPaid Media.

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Disclaimer: Information found on CryptoMediaClub is those of writers quoted. It does not represent the opinions of CryptoMediaClub on whether to sell, buy or hold any investments. You are advised to conduct your own research before making any investment decisions. Use provided information at your own risk.
CryptoMediaClub covers fintech, blockchain and Bitcoin bringing you the latest crypto news and analyses on the future of money.

© 2023 Crypto News. All Rights Reserved

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