Consumer trust in cryptocurrencies, notably Bitcoin, sees an uptick according to a recent Deutsche Bank survey, signaling evolving sentiments amid lingering concerns over price volatility.
A new Deutsche Bank survey revealed that consumer skepticism about Bitcoin 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.
