Deutsche Bank conducted a survey in which more than 3,600 bank clients from the US, UK and EU countries took part. According to the survey results, only 10% of respondents believe that the price of Bitcoin will exceed $75,000 by the end of 2024.

According to a survey conducted by Deutsche Bank, Germany's largest financial conglomerate by number of employees and total assets, a third of participants believe Bitcoin will be worth below $20,000 by next year. 38% of respondents assumed that Bitcoin would disappear altogether. 15% expect the first cryptocurrency to trade in a range above $40,000 but below $75,000. Less than 1% of respondents called Bitcoin a speculation and are confident that it will soon disappear.

Analysts at Deutsche Bank expect the price of Bitcoin to continue to rise as the asset's halving is expected later this month and investment in spot Bitcoin ETFs will continue to increase. Deutsche Bank emphasized that the number of clients who are distrustful of Bitcoin and other virtual assets is gradually decreasing. One of the reasons for the decrease in the number of skeptical users is the introduction of spot Bitcoin ETFs in the American stock market.

Deutsche Bank previously applied for permission to sell a digital asset custody service. The bank needs a license to increase commission income from corporate business.