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

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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 ...

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ZhongRenChun
·04-09
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.
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MattRob1
·04-09
As they say... Have fun staying poor
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ramius75
·04-09
Bitcoin will go to zero one day simply because there are no legitimate use cases for bitcoin at all.
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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. 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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,"idStr":"4132219691178972","authorIdStr":"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,"idStr":"3586470645934044","authorIdStr":"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"}],"hasMoreComments":true,"newsSizeData":{"likeSize":12,"commentSize":3,"repostSize":2,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false}}