A survey by Deutsche Bank found that US consumers are becoming more positive towards cryptocurrencies, with less than 1% now calling it a “fad.” More than half of respondents see crypto as an important asset class and payment method, and 65% believe it could eventually replace cash.
But sentiment towards Bitcoin is mixed, with a third of consumers expecting its price to remain below $60,000 by the end of the year, while only 12-14% predict it will exceed $70,000.
Meanwhile, stablecoins face uncertainty, with only 18% saying they will grow, while 42% expecting them to decline.
More than half of those surveyed expressed concern that cryptocurrencies will crash in the next two years.
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