Deutsche Bank clients do not expect BTC to rise above $ 60,000 this year and do not rule out a drop in Bitcoin to $ 20,000 – $ 40,000 in the next 12 months.
Deutsche Bank has published the results of a study in which it studied the opinion of its clients on the dynamics of the price of bitcoin. The study was conducted from 18 to 22 March and was attended by 520 market professionals around the world. Some of the respondents see limited growth potential for BTC this year and expect a decline within 12 months.
The majority of respondents (52%) believe that BTC will not rise above $ 60,000 this year. At the same time, the short-term forecast is more optimistic – 36% of respondents assume that the price of bitcoin will be in the range of $ 60,000 to $ 80,000 in the next three months. However, 69% of respondents say bitcoin will lose half of its current value within 12 months.
Only 23% of respondents said they have ever bought BTC for personal investment. Just over 40% of respondents under 35 have bought BTC, compared to 13% of respondents over 55.
Tesla recently added support for Bitcoin payments, and BTC rose to $ 57,000 during the day. On the other hand, billionaire and hedge fund founder Bridgewater Associates Ray Dalio warned that there is a “good chance” of a Bitcoin ban in the US. Against this background, the BTC rate continued to fall to $ 52,000.
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