Bitcoin Seen Below $20,000 in Consumer Survey by Deutsche Bank

Bloomberg04-09

Consumers were split over the digital asset’s staying powerSignificant proportion said the token may disappear entirelyConsumers are divided over Bitcoin’s staying power, with about one-third ...

Source Link

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

ZhongRenChun
04-09
ZhongRenChun
Human stupidity is infinite. Everyone said the internet was a fad and would be gone in 3 months. Never a shortage of morons. At $14k, they said it's a scam. At $74k, still saying it's a scam. When it hits $1 million, they will still say its a scam. Wishful thinking.
MattRob1
04-09
MattRob1
As they say... Have fun staying poor
ramius75
04-09
ramius75
Bitcoin will go to zero one day simply because there are no legitimate use cases for bitcoin at all.

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/1148195139?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2024-04-09 16:32","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"1148195139","market":"us","top_or_hot":-1,"title":"Bitcoin Seen Below $20,000 in Consumer Survey by Deutsche Bank","media":"Bloomberg","content":"<div>\n<p>Consumers were split over the digital asset’s staying powerSignificant proportion said the token may disappear entirelyConsumers are divided over Bitcoin’s staying power, with about one-third ...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2024-04-09/bitcoin-btc-seen-below-20-000-in-consumer-survey-by-deutsche-bank?srnd=homepage-asia\">Source Link</a>\n\n</div>\n","source":"lsy1584095487587","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Bitcoin Seen Below $20,000 in Consumer Survey by Deutsche Bank</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nBitcoin Seen Below $20,000 in Consumer Survey by Deutsche Bank\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-04-09 16:32 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/news/articles/2024-04-09/bitcoin-btc-seen-below-20-000-in-consumer-survey-by-deutsche-bank?srnd=homepage-asia><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Consumers were split over the digital asset’s staying powerSignificant proportion said the token may disappear entirelyConsumers are divided over Bitcoin’s staying power, with about one-third ...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2024-04-09/bitcoin-btc-seen-below-20-000-in-consumer-survey-by-deutsche-bank?srnd=homepage-asia\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BTBT","symbol_name":"Bit Digital, Inc.","start_time":0,"source_url":"https://www.bloomberg.com/news/articles/2024-04-09/bitcoin-btc-seen-below-20-000-in-consumer-survey-by-deutsche-bank?srnd=homepage-asia","article_id":"1148195139","we_media_id":null,"thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1148195139","pubTimestamp":1712651543,"sourceInfo":{"source_id":"lsy1584095487587","name":"Bloomberg"},"weMediaInfo":null,"summary":"Consumers were split over the digital asset’s staying powerSignificant proportion said the token may disappear entirelyConsumers are divided over Bitcoin’s staying power, with about one-third expectin","collect":0,"end_time":0,"defaultTopTitle":"bloomberg.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"BTBT":"Bit Digital, Inc.","MARA":"Marathon Digital Holdings Inc","COIN":"Coinbase Global, Inc."},"translate_title":"德意志银行消费者调查显示比特币低于2万美元","themeId":"","isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"BTBT":1.1,"COIN":1.1,"MARA":1.1},"content_text":"Consumers were split over the digital asset’s staying powerSignificant proportion said the token may disappear entirelyConsumers 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.Some 40% of respondents were confident about Bitcoin thriving over the next few years but 38% expected it to disappear. At the same time, less than 1% considered crypto a fad, the survey conducted over March showed.Source: Deutsche Bank survey of consumers.The original cryptocurrency traded 1.4% lower at about $70,700 as of 7:50 a.m. Tuesday in London. It achieved an all-time peak of $73,798 in mid-March. Bitcoin’s 67% rise this year tops traditional assets like global stocks and gold.A flood of inflows into three-month-old US spot-Bitcoin exchange-traded funds lifted the token and led supporters to argue that crypto demand will widen. Detractors say Bitcoin has no intrinsic value and is purely a speculative playground storing up an inevitable reckoning.Bitcoin this month will undergo the so-called halving, a four-yearly event that slashes new supply of the token. Some view that as a bullish tailwind.“You’re seeing a lot of continued traction that’s coming into the market because of the upcoming halving,” Victoria Bills, chief investment strategist at Banrion Capital, said on Bloomberg Radio.","kind":"news","is_publish_news":true,"is_publish_highlight":true,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0},"commentList":[{"id":293428309512464,"gmtCreate":1712657377711,"gmtModify":1712658252590,"author":{"id":"4142648172044492","authorId":"4142648172044492","name":"ZhongRenChun","avatar":"https://community-static.tradeup.com/news/2d82a9ff97e4edcc7d6fb85e735d9421","vip":1,"hat":"https://static.tigerbbs.com/b0a2963eb37c60c5d6d4a8dbcd266952","crmLevel":3,"crmLevelSwitch":1,"authorIdStr":"4142648172044492","idStr":"4142648172044492"},"htmlText":"Human stupidity is infinite.&nbsp; Everyone said the internet was a fad and would be gone in 3 months.&nbsp; Never a shortage of morons.&nbsp; At $14k, they said it's a scam.&nbsp; At $74k, still saying it's a scam.&nbsp; When it hits $1 million, they will still say its a scam.&nbsp; Wishful thinking.","listText":"Human stupidity is infinite.&nbsp; Everyone said the internet was a fad and would be gone in 3 months.&nbsp; Never a shortage of morons.&nbsp; At $14k, they said it's a scam.&nbsp; At $74k, still saying it's a scam.&nbsp; When it hits $1 million, they will still say its a scam.&nbsp; Wishful thinking.","text":"Human stupidity is infinite. Everyone said the internet was a fad and would be gone in 3 months. Never a shortage of morons. At $14k, they said it's a scam. At $74k, still saying it's a scam. When it hits $1 million, they will still say its a scam. Wishful thinking.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/293428309512464","repostId":1148195139,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":293413681627288,"gmtCreate":1712653717827,"gmtModify":1712654080372,"author":{"id":"4132219691178972","authorId":"4132219691178972","name":"MattRob1","avatar":"https://community-static.tradeup.com/news/default-avatar.jpg","vip":1,"crmLevel":1,"crmLevelSwitch":0,"authorIdStr":"4132219691178972","idStr":"4132219691178972"},"htmlText":"As they say... Have fun staying poor","listText":"As they say... Have fun staying poor","text":"As they say... Have fun staying poor","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/293413681627288","repostId":1148195139,"repostType":2,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":293410621284552,"gmtCreate":1712652971518,"gmtModify":1712654001517,"author":{"id":"3586470645934044","authorId":"3586470645934044","name":"ramius75","avatar":"https://community-static.tradeup.com/news/9bf23146914ff935921288dd903ce4fa","vip":1,"crmLevel":5,"crmLevelSwitch":1,"authorIdStr":"3586470645934044","idStr":"3586470645934044"},"htmlText":"Bitcoin will go to zero one day simply because there are no legitimate use cases for bitcoin at all.&nbsp;","listText":"Bitcoin will go to zero one day simply because there are no legitimate use cases for bitcoin at all.&nbsp;","text":"Bitcoin will go to zero one day simply because there are no legitimate use cases for bitcoin at all.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/293410621284552","repostId":1148195139,"repostType":2,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"}],"isCommentEnd":false,"newsSizeData":{"likeSize":12,"commentSize":3,"repostSize":2,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.3","shortVersion":"4.29.3","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/1148195139"}