In his previous statements cryptocurrencies Germany’s largest bank, stating that it will be permanent in people’s lives Deutsche Bankpublished the report “The Future of Cryptocurrencies”.
An online survey was conducted by the German giant in December with the participation of 3,250 US consumers.
The bank’s survey revealed that 680 of respondents cryptocurrency revealed that 65% of them have switched to cryptocurrencies for the first time in the previous 12 months.
Participants See the Future in Cryptocurrency!
While the majority of respondents said that they entered the crypto industry primarily to make money, 34% stated that they entered the crypto market out of curiosity.
Some of the participants stated that they invested in crypto money for portfolio diversification.
A quarter of respondents said they expect the leading cryptocurrency Bitcoin to trade above $110,000 in the next five years.
While 61% of respondents said they have invested less than $10,000 in cryptocurrencies, 38% said they have invested less than $1,000, more than 70% said they plan to increase their cryptocurrency activities in the next twelve months.
According to another result of the survey, 29% of men stated that they have either invested or used cryptocurrencies in the last year, while only 14% of women stated that they are actively involved in the crypto money market.
*Not investment advice.