Deutsche Bank reports on Future of Crypto, Investors remain Optimistic

In its report on the Future of Cryptocurrency, Deutsche Bank stated that most crypto traders would hold their investments, even if prices fell by 80%.

In an online survey of US consumers, the bank found that 65% of crypto investors were new to the industry. Furthermore, Deutsche Bank found that most investors went into the business in hopes to turn a profit. However, 34% of the survey’s respondents stated that their main motivation for investing was curiosity and a similar proportion noted that the assets gave portfolio diversification.

A quarter of respondents said that they expected BTC to be trading over $110,000 in the next five years. Additionally, over 70% said that they planned to increase their crypto activity within the next 12 months.

The bank also reported that 61% of investors had spent less than $10,000 on crypto and 38% invested less than $1,000.

As for transactions, the report showed that 26% of investors performed fewer than five per month and just 5% more than 100 per month. Additionally, 67% of these transactions were for under $100.

With coin prices seeing volatile drops and surges, the bank sees that current investors are optimistic for the future of crypto. As digital assets continue to develop, crypto investing will likely become a mainstay in financial systems and economies.

Source: Coindesk, Fortune