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.

Author: Nataly Antonenko
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