- A new study by Deutsche Bank shows what people expect the price of BTC will do.
- Forecasts from experts and how the market is changing.
A recent study by Deutsche Bank found that more than one-third of the 2,000 people surveyed think that the price of Bitcoin will go below $20,000. The survey happened from January 15 to January 19. It asked people in the U. S, UK, and the Eurozone about what they think about Bitcoin’s price and how much it changes.
A survey by Deutsche Bank shows how people feel about the price of Bitcoin
The survey showed that a lot of people think that the value of Bitcoin will drop below $20,000 by January next year. Also, about 15% of people thought that the price of Bitcoin would be between $40,000 and $75,000 by the end of this year. Deutsche Bank experts Marion Laboure and Cassidy Ainsworth-Grace wrote a report about how new Bitcoin exchange-traded funds (ETFs) could affect the way big companies use Bitcoin.
But they noticed something important. Even though a lot of people are interested in ETFs, most of the money going into them is from regular people who invest their own money. The price of Bitcoin went up and down a lot when the U. S approved spot Bitcoin ETFs. The Securities and Exchange Commission (SEC) on January 10th. Bitcoin first went up to over $47,000 but then went down to below $40,000 on Monday, and then dropped even more to $39,000 on Tuesday after the approval.
Projected estimates from experts and dynamics in the market
Bitcoin has gone up a little bit and is now being sold for $41,815. The analysts from Deutsche Bank talked about how ETFs could affect the price of Bitcoin in the market. Even though people were hopeful about ETFs, the Bitcoin value went down after the SEC approved them. In the future, the report talked about different guesses and thoughts about how the price of Bitcoin might change. Some experts think that if spot Bitcoin ETFs are approved and the halving happens in April, the price of Bitcoin could go up a lot.
Ark Invest believes there is a good chance that the price of Bitcoin could go up to $1. 5 Fundstrat thinks it could reach $150,000 and could possibly go up to $500,000 in the next five years. Standard Chartered Bank said they think Bitcoin’s price could go up to $200,000 next year. Also, Vaneck, a company that manages money and investments, believes that the price of Bitcoin could go really high if Donald Trump becomes the President of the United States. The leader of the country will be chosen in the November election. The study showed that more and more people all over the world are using and getting involved with cryptocurrency.
A new study found that 580 million people around the world own cryptocurrency. The Deutsche Bank survey gives us important information about what people think the price of Bitcoin will do in the future. Many people think the price of something will drop below $20,000, but some experts think it will go up a lot because of things like ETF approval and the upcoming halving. The cryptocurrency market is always changing because of rules, the economy, and how more big investors and regular people get involved.
Warning: This is not advice on what to buy or sell in trading.