Bitcoin Seen Below $20,000 in Consumer Survey by Deutsche Bank
- Consumers were split over the digital asset’s staying power
- Significant proportion said the token may disappear entirely
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Consumers are divided over Bitcoin’s staying power, with about one-third expecting the world’s largest cryptocurrency to slide below $20,000 by the end of the year, according to a survey by Deutsche Bank.
That would slice approximately $50,000 off the token’s current price and take it back to levels last seen during a deep bear market in 2022. Just 10% of over 3,600 people surveyed saw Bitcoin above $75,000 by the end of December.