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.
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.
