Survey: More than a third expect Bitcoin price to fall below $20,000
According to a survey conducted by Deutsche Bank among 2,000 respondents in the US, UK, and Eurozone, over one-third of the respondents believe that Bitcoin will fall below $20,000 in January next year. Additionally, about 15% of the respondents predict that the cryptocurrency's price will be between $40,000 and $75,000 by the end of this year.
Deutsche Bank analysts Marion Labour and Cassidy Ainsworth-Grace explained in their report that the new spot Bitcoin ETF is expected to expand the institutionalization of Bitcoin. However, most of the ETF funds come from retail investors.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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