Report: US consumer interest in cryptocurrency is heating up
On September 12, Deutsche Bank said in a report on Wednesday that US consumers' interest in cryptocurrency is heating up, with less than 1% considering it a "flash in the pan," a sharp drop from previous years.
Slightly more than half of those surveyed believe that cryptocurrency is an important asset class and payment method, and 65% said they believe that cryptocurrency can replace cash. The bank surveyed more than 3,600 consumers in the United States, the United Kingdom and Europe in March and July.
"We expect the democratization of cryptocurrency to advance further in the next 2-3 years, driven by exchange-traded funds (ETFs), Fed policy and regulation," analysts Marion Laboure and Sai Ravindran wrote.
