On September 12, Deutsche Bank said in a report on Wednesday that U.S. consumers' interest in cryptocurrencies 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 cryptocurrencies are an important asset class and payment method, and 65% said they believe cryptocurrencies can replace cash. The bank surveyed more than 3,600 consumers in the United States, the United Kingdom and Europe in March and July.
Analysts Marion Laboure and Sai Ravindran wrote: We expect the democratization of cryptocurrencies to advance further in the next 2-3 years, driven by exchange-traded funds (ETFs), Federal Reserve policies and regulation.
