«Stablecoins are not here to stay», says a survey by Deutsche Bank
65% of respondents think that cryptocurrencies will replace cash, according to the survey carried out by the German bank.
A third of users do not expect a rise in bitcoin between now and December.
They are worried about a possible collapse of cryptocurrencies in the next two years. According to the results of a survey carried out by the German bank Deutsche Bank, users of bitcoin (BTC) and other cryptocurrencies are less optimistic than at the beginning of the year, regarding the future of the market.
There is a pessimistic feeling about the short-term prospects for bitcoin, while there is little hope for the survival of stablecoins. This is indicated by the survey carried out by the German bank between March and July of last year with more than 3,000 users located in the United States, the United Kingdom and Europe. The data indicate that, although in general enthusiasm for cryptocurrencies remains, there is a group of users (50%) who think that a market collapse will occur in the next two years. A fear that makes some think that bitcoin and stablecoins may disappear.
Perceptions are mostly mixed, as another half of respondents consider cryptocurrencies to be an important asset class and payment method. In fact, 65% of those interviewed say that digital assets could replace cash. Optimistic and pessimistic stances have similar weight in other responses in the study. Thus, while 40% of respondents think that BTC will prosper in the coming years, 38% expect it to disappear.
Along these same lines, the results reveal that a third of consumers believe that the price of BTC will be below USD 60,000 by the end of the year, while between 12% and 14% expect it to exceed USD 70,000.
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