Deutsche Bank Says 52% of Its Investors Expect Bitcoin Below $60K in 12 Months
Deutsche Bank’s investor clients mostly see limited upside in bitcoin (BTC) this year and expect a decline towards $20,000-$40,000 in 12 months. Those are the highlights of a monthly market survey conducted by the German lender March 18-22 of 520 market professionals around the world.
Bitcoin has been trading in a sideways range over the past week after failing to sustain an all-time-high around $61,000 reached earlier in the month.
- The 12-month BTC price forecast is more evenly distributed versus the three-month forecast, though a majority (52%) of respondents see prices under $60,000.
- The most common predicted range for bitcoin prices in three months was between $60,000 and $80,000, expected by some 36% of respondents.
- 69% of respondents think bitcoin is more likely to fall by half in 12 months, compared to 65% in February. BTC rallied by roughly 80% from February to March.
- Only 23% of respondents said they had ever bought bitcoin for their personal investments. Just over 40% of respondents under 35 have bought bitcoin compared to just 13% of those over 55.
Recommended News
-
Wan Wu Chao Sheng and Artist Chunren Jointly issue NFT Digital Art, Helping the Creator Economy
My artistic view is that my creation must spread “truth, goodness and beauty”. I want it to be full of “innocence” and “empathy” because those bring people heartfelt fulfillment. –Famous artist Chunren The Internet, which was born in 1969, has been changing the world around us, and has opened up a new era of creator economy. Everyone can become a creator and upload their own content through the Internet. In the past two decades, the Internet has maintained rapid development, and Web2 content platforms such as Facebook, Youtube, and Instagram…
03/13/2022 -
Bitcoin Traders Brace for Record $6B in Options to Expire Friday
They call it “max pain” in the bitcoin options market: How to make one’s trading counterparty suffer the most. Although the largest cryptocurrency was changing hands Wednesday around $56,500, traders were handicapping the odds of a plunge to about $44,000 by Friday, when a record $6 billion of options contracts is set to expire. A drop to that price level would inflict “max pain” on buyers of options contracts, and it might be the most profitable price point for options sellers. It’s a remote risk, but not one to be discounted. The…
03/24/2021 -
Fintoch Education: Crypto Custody
Fintoch is an innovative blockchain financial platform built by Morgan DF Fintoch. In the very beginning, the positioning of Fintoch is set to be something big – an ecosystem that connects lenders, borrowers, traders, and investors alike. A lively financial ecosystem is only viable if the underlying security for user funds is solid. Remember in Crypto, we don’t trust but verify. With that said, Fintoch focused on the development of its core technology HyBriid 2.0, which combines “zero-knowledge proof” and “multiple signatures” to protect users’ funds. For users who are…
12/01/2022 -
Market Wrap: Bitcoin Rallies Near $58K, Stocks Soar to Record Highs
Bitcoin (BTC) trading around $57,572.97 as of 21:00 UTC (4 p.m. ET). Climbing 2.11% over the previous 24 hours. Bitcoin’s 24-hour range: $54,323.61-$57,632.81 (CoinDesk 20) BTC trades above its 10-hour and 50-hour averages on the hourly chart, a bullish signal for market technicians. bitcoin trading on CoinbaseSource: TradingView The bitcoin market is back in bull mode but for one key attribute, almost like a missing tooth: low trading volume. Bitcoin’s price on Thursday extended its winning streak to a seventh day as a renewed appetite for risk-taking in traditional markets sent U.S. stocks to…
03/11/2021 -
CoinZoom’s One-Stop-Crypto Shop Integrates Digital Services Under One Roof
The next wave of mainstream users is coming, and the simplicity, integration, and convenience of one-stop-crypto-shops like CoinZoom are likely to be the most appealing platforms for new entrants, with everything they need under the same roof. The cryptocurrency exchange marketplace has witnessed tremendous growth in recent years, fueled by speculative interest and increased adoption in the space. With hundreds of platforms, services and tokens on offer, it is understandably complex to navigate this fragmented playing field. New adopters who stay the course want more than an isolated exchange platform….
12/09/2020 -
Light the torch of Revolution: KHC reshapes the future of decentralized Finance
Finance. Just as the name implies, it is financing of funds. It’s an optimization method to reallocate assets across time and space after the evaluation of risk and credit, so as to achieve higher returns. Traditional financial institutions, through credit responsibility, enable funds to flow freely around the world. In addition, it also gains huge profits from aggregating user information and monopolizing users’ daily life such as clothing, food, housing and transportation. However, traditional financial institutions exist obvious pain point, including high payment fees, low efficiency and high cost of cross border…
04/23/2021 -
Lingose: Empowering Wed3’s GameFi Players
With the awakening of self-awareness of a new generation of netizens, people begin to realize the value of their actions, and when these lines are recorded and accumulated enough, big data is formed. At present, major companies use big data to make countless profits, but the contributors of the data themselves have nothing to gain. When people really realize this, then web3 will be one step away from us. The most notable feature of Web3 is that the ownership and control of the digital content created by the user belong…
08/10/2022 -
Merace has set up a VR technology Laboratory
On September 15, 2021, Merace publishing Company Brilliant Faith has set up a VR technology Laboratory with Manchester Union University. The two sides will cooperate and innovate, deeply cooperate in a gateway in the field of VR technology, 5G communication, point-to-point 3D input, input image editing, and other aspects, jointly tap the potential of VR technology and create the ultimate using experience for users. As early as 2015, Brilliant Faith had an insight into the development prospect of the virtual reality interactive market and the global hot trend of the…
Digital Currency 12/13/2021 -
The meaning of MAS——Privacy-the most important unicorn in the DEFI world!
In2020, the market in the encrypted world is completely driven by DEFI.The reason why DeFi can produce such a huge boost is mainly becauseit can meet the real needs of the market with actual products. DEXsuch as Sushiswap provides a realistic pricing mechanism forlong-tail assets by simplifying the market-making model; through decentralized lending, Compound has created a basic production modelfor basic financial assets; the curve, which focuses on stable currency exchange, has found another way. The “lending + LP”compound financial product model has enabled the establishment ofDeFi’s financial attributes; and…
03/13/2021 -
What is the origin of MTM, which is popular with capital
MTM is a blockchain project jointly built by the tally foundation, which is invested by the famous American investment company tally capital. Tally foundation, located in Chicago, USA, was founded in 2008 with abundant capital. It has a wide range of business, covering many fields, such as medicine, education, architecture, entertainment and so on MTM is a team composed of high-end researchers, professional medical professionals, dedicated investors and innovative engineers to create a unique platform. MTM is an important application scenario based on blockchain technology to solve stem cell traceability…
03/20/2021