Deutsche Bank customers do not anticipate BTC to increase above $60,000 in the current year and do not exclude the possibility of a drop in the Bitcoin rate to $20,000-$40,000 in the coming 12 months.
Deutsche Bank has issued the results of a survey in which it studied its clients’ attitude on the dynamic range of the price of Bitcoin. The survey was conducted between 18 and 22 March and was concentrated on 520 market specialists from around the world. Some of the surveyed see limited increase potential for BTC in 2021 and foresee a drop within 12 months.
Most respondents (around 52%) think that BTC will not climb above $60,000 by the end of this year. Meanwhile, the short-term forecast is slightly more positive – 36% of respondents believe that the rate of Bitcoin will stagger in the range between $60,000 and $80,000 in the upcoming three months. Nevertheless, 69% of respondents said Bitcoin will lose as much as half of its present value within the next 12 months.
About 23% of respondents revealed they have ever purchased BTC for investment purposes. Just over 40% of respondents under the age of 35 have acquired BTC, contrasted by the 13% among respondents over the age of 55.
Tesla added a possibility for Bitcoin payments the other day, and BTC climbed to $57,000 during the day. Then again, billionaire and hedge fund Bridgewater Associates founder, Ray Dalio, cautioned that there is a “decent chance” of a Bitcoin prohibition in the US. In this context, the BTC rate resumed its fall to $52,000.
