A recent consumer survey by Deutsche Bank revealed a split sentiment regarding the future trajectory of Bitcoin’s price. While grim, this outlook comes when Bitcoin has been on a rollercoaster ride.
The asset has recently achieved a new all-time high and declined significantly following that, but it has rebounded by nearly 10% in the past week.
Bitcoin Survey Sends Shivers
Respondents noted a notable level of pessimism about the cryptocurrency, with some predicting a potential drop below $20,000.
This unexpected sentiment suggests uncertainty in the market, particularly after BTC reached record highs in mid-March.
The survey, which polled over 3,600 participants, highlighted a divergence of opinions. Approximately one-third anticipate BTC’s value plummeting to levels last seen during the bear market in 2022.
While consumer sentiment is cautious, expert views on Bitcoin’s future appear more optimistic. Mike Novogratz, CEO of Galaxy Digital, anticipates that BTC will
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