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<p>In a recent survey conducted by Deutsche Bank, a notable revelation emerged as over one-third of the 2,000 respondents expressed an anticipation of Bitcoin’s <a href="https://coinmarketcap.com/currencies/bitcoin/" rel="noopener noreferrer nofollow" target="_blank">price</a> dropping below $20,000. The survey, which spanned from January 15 to January 19, sought opinions from individuals in the U.S., U.K., and the Eurozone, focusing on their perspectives on Bitcoin’s price and volatility.</p>
<h2 class="wp-block-heading" id="deutsche-bank-survey-reveals-btc-price-sentiment">Deutsche Bank survey reveals BTC price sentiment</h2>
<p>The survey findings indicated a significant sentiment among participants, with more than one-third foreseeing Bitcoin’s value falling below $20,000 by January of the following year. Additionally, approximately 15% of respondents expected that Bitcoin’s price would range between $40,000 and $75,000 by the end of the current year. Deutsche Bank analysts Marion Laboure and Cassidy Ainsworth-Grace, in their accompanying research report, shed light on the potential impact of new spot Bitcoin exchange-traded funds (ETFs) on the institutionalization of Bitcoin.</p>
<p>However, they highlighted a noteworthy observation that despite the general excitement surrounding ETFs, the majority of the funds flowing into these investment vehicles originated from retail investors. The price of Bitcoin witnessed notable volatility around the time of the approval of spot Bitcoin ETFs by the U.S. Securities and Exchange Commission (SEC) on January 10. Despite an initial surge above $47,000 in anticipation of the approval, Bitcoin experienced a subsequent decline below $40,000 on Monday and dropped further to $39,000 on Tuesday following the approval.</p>
<h2 class="wp-block-heading" id="expert-projections-and-market-dynamics">Expert projections and market dynamics</h2>
<p>At the time of the latest update, Bitcoin has made a modest recovery and is currently trading at $41,815. The Deutsche Bank analysts emphasized the role of ETFs in the market and how their approval could impact Bitcoin’s price dynamics. Despite the positive anticipation around ETFs, the market responded with a decrease in Bitcoin’s value post-SEC approval. Looking ahead, the research report discussed various predictions and expectations regarding Bitcoin’s price movement. Some experts are optimistic about the potential impact of the approval of spot Bitcoin ETFs, combined with the forthcoming halving in April, which could significantly boost Bitcoin’s price.</p>
<p>Ark Invest sees a higher probability of Bitcoin reaching $1.5 million, while Fundstrat suggests a target of $150,000, with a potential to reach $500,000 within the next five years. Standard Chartered Bank shared a bullish outlook, suggesting that Bitcoin could rise to $200,000 in the following year. Additionally, asset management firm Vaneck speculates that Bitcoin could achieve record highs if Donald Trump is elected as the U.S. president in the upcoming November election. The research report underscored the continued growth of crypto adoption on a global scale.</p>
<p>A recent study highlighted that the number of crypto owners worldwide reached 580 million by the end of the previous year. The Deutsche Bank survey provides valuable insights into the diverse opinions regarding <a href="https://www.cryptopolitan.com/bitcoin-below-38k-these-altcoins-are-poised-to-soar-even-if-this-happens/" data-type="post" data-id="453821" rel="noopener noreferrer nofollow">Bitcoin</a>’s future price trajectory. While a significant portion of respondents foresees a drop below $20,000, there are contrasting views, with some experts anticipating substantial gains driven by factors like ETF approval and the upcoming halving. The cryptocurrency market remains dynamic, influenced by regulatory developments, macroeconomic factors, and the evolving landscape of institutional and retail participation.</p>

Deutsche Bank survey result reveals insight into BTC’s future

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