Ethereum

Light

United

Bitcoin

<p style="text-align: justify">You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/deutsche-bank-survey-sheds-light-on-bitcoin-sentiment-and-price-expectations/" data-wpel-link="internal">Deutsche Bank Survey Sheds Light on Bitcoin Sentiment and Price Expectations</a><br></p>
<p class="p1" style="text-align: justify">A new Deutsche Bank survey reveals that consumer skepticism about <strong><a href="https://coin-turk.com/bitcoin-icin-bu-seviye-kritik-dususun-durmasi-icin-ne-gerekiyor" data-wpel-link="internal">Bitcoin</a></strong> has slightly decreased, yet less than a third of respondents still expect a sharp price decline by the end of 2024. More than 3,600 consumers participated in the survey released by Deutsche Bank on April 8th. Slightly more than half of the participants, 52%, agree that cryptocurrencies will become an important asset class and payment method in the future.</p> 
<h2 class="p1" style="text-align: justify" id="deutsche-bank-and-investor-analysis">Deutsche Bank and Investor Analysis</h2> 
<p class="p1" style="text-align: justify">A similar survey by <strong>Deutsche Bank</strong> in September 2023 showed less than 40% confidence, but the number of participants who saw crypto as a fleeting trend dropped below 1% in this survey. The survey also looked at <a href="https://en.coin-turk.com/bitcoins-rise-in-october-glassnode-analysts-predict-a-strong-finish-to-2023/" data-wpel-link="internal">Bitcoin</a> prices in light of the upcoming halving event.</p> 
<p class="p1" style="text-align: justify">Deutsche Bank analysts expect the price to be supported by regulation, central bank interest rate cuts, and anticipation of a spot <a href="https://coin-turk.com/ethereum-eth-fiyati-icin-bu-metrik-ne-anlama-geliyor" data-wpel-link="internal">Ethereum</a> exchange-traded fund approval from the United States Securities and Exchange Commission (<a href="https://en.coin-turk.com/junes-exciting-start-in-cryptocurrency-expert-opinion-on-bitcoins-direction/" data-wpel-link="internal">SEC</a>). One-third of survey participants expect Bitcoin to fall below the $20,000 price point by the end of 2024. This figure compares to 35% in February and 36% in January.</p> 
<p><img loading="lazy" loading="lazy" decoding="async" class="aligncenter wp-image-288415 size-full" src="https://coin-turk.com/wp-content/uploads/2023/12/Deutsche-Bank-Altcoin.jpeg" alt="" width="1280" height="720"></p> 
<h2 class="p1" style="text-align: justify" id="noteworthy-details-from-the-survey">Noteworthy Details from the Survey</h2> 
<p class="p1" style="text-align: justify">However, only 10% of respondents expect Bitcoin to exceed $75,000 by the end of the year. This survey follows many activities surrounding <strong>Bitcoin</strong> since the beginning of 2024. In January, the SEC approved the first US-based spot Bitcoin ETFs, which on March 12th saw a record net inflow of $1 billion in a single day.</p> 
<p class="p1" style="text-align: justify">In mid-March, the cryptocurrency reached an all-time high of $73,794, and some analysts expect it to rise further after the halving event, potentially by as much as 160%, which could mean reaching the $150,000 threshold.</p> 
<p class="p1" style="text-align: justify">The halving event is expected to take place in mid-April, with many predictions settling on April 20th. This event is causing some analysts to forecast a bullish trend for cryptocurrencies in the coming year, citing increased general demand and other macroeconomic factors driving the price.</p> 
<h5><span style="font-weight:bold;font-size:16px">The post first appeared on COINTURK NEWS: </span> <a href="https://en.coin-turk.com/deutsche-bank-survey-sheds-light-on-bitcoin-sentiment-and-price-expectations/" data-wpel-link="internal">Deutsche Bank Survey Sheds Light on Bitcoin Sentiment and Price Expectations</a></h5>

Deutsche Bank Survey Sheds Light on Bitcoin Sentiment and Price Expectations

Table of Contents

COINTURK NEWS

Alte articole publicate pe 9 apr. 2024

Invest in Pushd, FLOKI and Scorpion Casino to Become a Crypto Millionaire in 2024

Rival Crypto to Bonk (BONK) Could Be the Next Big Meme Coin on Solana, Analysts Say After 5300% Jump

Fidelity’s $FBTC Surpasses $10 Billion AUM Milestone, Cements Place as Third-Largest Spot Bitcoin...

Metaplanet Stock Skyrockets Following Major Bitcoin Acquisition

Arthur Hayes: Bitcoin prices to plummet before, after halving

Tensor Network enhances Blockchain Governance with Community-Powered $TNSR Token

Join our free newsletter for daily crypto updates!