Deutsche Bank: Over one-third of respondents expect Bitcoin to fall below $20,000 by the end of the year

Deutsche Bank stated in a report on Tuesday that it surveyed 2,000 consumers from the United States, the United Kingdom, and Europe after the approval of a physical Bitcoin ETF. Over one-third of respondents said they believe the price of Bitcoin will fall below $20,000 by the end of this year. The survey also revealed that 39% of participants believe Bitcoin will continue to exist in the coming years, while 42% expect it to disappear.

Deutsche Bank further noted that over half of respondents expressed concerns about a major cryptocurrency collapse occurring within the next two years.