A new Deutsche Bank report shows that over 50% of U.S. consumers view cryptocurrency as a significant asset class, with 65% believing it could replace cash.
Growing Acceptance of Crypto
According to the latest Deutsche Bank report, skepticism towards cryptocurrency has significantly decreased compared to previous years. Over half of the respondents view crypto as an important asset class and payment method. The survey, conducted among over 3,600 consumers from the U.S., U.K., and Europe in March and July, revealed that 65% believe cryptocurrency could potentially fully replace cash.
Stablecoin Stability in Question
Despite the positive outlook for cryptocurrencies in general, only 18% of respondents expect stablecoins to thrive in the future, while 42% predict they will fade, despite some being backed by fiat currency.
Future of Bitcoin
The future of Bitcoin remains contentious: 40% of respondents believe it will thrive, while 38% think it could disappear.
The Deutsche Bank report shows that cryptocurrencies are increasingly recognized as a significant asset class among U.S. consumers, despite doubts about the stability of stablecoins and the future of Bitcoin.
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