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A new Deutsche Bank survey revealed that consumer skepticism about Bitcoin&nbsp;has fallen slightly, although less than a third of survey respondents still expect a sharp price drop by the end of 2024.
The survey, published on April 8, polled over 3,600 consumers. Slightly more than half (52%) agree that cryptocurrencies as a whole will be an “important asset class and method of payment transactions” in the future. 
A similar survey was conducted by Deutsche Bank in September 2023, which showed less than 40% confidence. 
The amount of respondents who consider crypto to just be a “fad that will eventually fade” has now dropped to less than 1%, according to the survey. 
The survey also looked at the price of Bitcoin (<a href="https://cointelegraph.com/bitcoin-price">BTC</a>)&nbsp;in light of the upcoming&nbsp;<a href="https://cointelegraph.com/news/bitcoin-halving-2024">halving</a>. Deutsche Bank analysts said they expect the price to be supported by regulation, central bank rate cuts and anticipation of a spot Ethereum exchange-traded fund (ETF) approval from the United States Securities and Exchange Commission (SEC).
Related: <a href="https://cointelegraph.com/news/bitcoin-mining-profitability-wont-fall-halving">10 days until halving: Bitcoin mining profitability won’t necessarily fall</a>
A third of the survey participants said they expect Bitcoin&nbsp;to dip below the $20,000 price point by the end of 2024. This figure compares to 35% in February and 36% in January.
However, only 10% expect Bitcoin to&nbsp;surpass $75,000 by year-end.
This survey comes after much activity surrounding Bitcoin since the beginning of 2024. In January, the SEC approved the first U.S.-based spot Bitcoin ETFs, which pulled in a record <a href="https://cointelegraph.com/news/bitcoin-etfs-record-1-b-daily-inflow">$1 billion daily net inflow</a>&nbsp;on March 12.&nbsp;
In mid-March, the cryptocurrency hit <a href="https://cointelegraph.com/news/bitcoin-price-new-73-6-k-all-time-high-etfs-eat">a new $73,794 all-time high</a> and is anticipated to spike even further, with&nbsp;<a href="https://cointelegraph.com/news/analysts-150k-btc-top-10-days-before-halving">some estimates as high as a 160% increase</a> after the halving, which means it could hit the $150,000 mark, according to some analysts.
The halving is anticipated to occur in mid-April, with many predictions settling on April 20. This event is causing some&nbsp;<a href="https://cointelegraph.com/news/bitcoin-halving-analysts-bullish-btc-price-2024">analysts to take a bullish stance</a> on the cryptocurrency for the year ahead, citing the heightened overall demand and other macroeconomic factors driving the price. 
Magazine: <a href="https://cointelegraph.com/magazine/memecoins-make-millionaires-terraform-do-kwon-liable-for-fraud-hodlers-digest-march-31-april-6/">Memecoins make millionaires, Terraform and Do Kwon liable for fraud, and more: Hodler’s Digest, March 31 – April 6</a>

Levels of consumer trust in crypto increasing: Report

Cointelegraph

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