According to Investing.com, Bitcoin saw a surge in demand in the US during March. This development came after a prolonged decline. However, retail investors continue to favor gold and stocks over digital assets. These findings emerged from Deutsche Bank’s latest survey.
The bank’s monthly dbDataInsights survey covered 3,400 consumers in the US, the UK, and the Eurozone. The survey revealed that in the US, around 70% of investment-making consumers hold Bitcoin. This figure is closely followed by Ethereum, Tether, and USDC. Bitcoin also emerged as the top choice for future crypto investment.
Interestingly, the survey revealed that a significant number of US participants had not formed an opinion about Bitcoin’s long-term price trajectory. Among those who did, a majority expected Bitcoin to be trading below the $75,000 mark in 2026. However, a minority of 3% believed it would surpass the current all-time high.
The survey results also debunked the notion of Bitcoin’s volatile short-term price behavior. A large proportion of respondents admitted they had not considered where they would be transacting Bitcoin by 2026. Among those who did make predictions, a majority anticipated lower prices.
US investors were not alone in their cautious outlook. Only 1% of UK respondents and 4% of Eurozone respondents expected Bitcoin to surpass the current all-time high.
Key Findings
– Bitcoin is the preferred crypto asset among US investors, with a 70% market share.
– Ethereum, Tether, and USDC follow closely behind.
– A significant number of US investors have not formed an opinion about Bitcoin’s long-term price trajectory.
– Among those who did make predictions, a majority anticipated lower prices.
Methodology
The dbDataInsights survey was conducted among 3,400 consumers in the US, the UK, and the Eurozone in March 2023.
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