2 years ago
Deutsche Bank’s “The Future of Cryptocurrencies” study recovered less than fractional of crypto traders and investors surveyed would trim investments oregon permission the marketplace wholly adjacent if prices fell 80%.
In an online survey of 3,250 U.S. consumers successful December, the slope recovered 680 were cryptocurrency users, with 65% of those having gotten into crypto for the archetypal clip implicit the preceding 12 months. In nary surprise, Deutsche recovered that astir investors got into the abstraction chiefly to marque money. However, 34% said their main information was curiosity oregon exploration, and a akin proportionality gave portfolio diversification arsenic the cardinal reason.
A 4th of respondents said they expected bitcoin to beryllium trading implicit $110,000 successful 5 years, and much than 70% said they planned to summation their crypto enactment successful the adjacent 12 months.
We’re not talking whales present – a afloat 61% of investors had committed little than $10,000 to crypto, with 38% little than $1,000.
Men are overmuch much progressive successful crypto than women, according to the survey, with 29% of males having utilized oregon invested successful integer assets successful the past 12 months versus lone 14% of females. Men are besides much bullish going forward, according to the data.
Looking astatine those successful crypto for transactions, the survey showed 26% execute less than 5 per month, and conscionable 5% much than 100 per month. Transaction size is small, with 67% of them nether $100.
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