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U.S. Consumers Say Crypto Is Here to Stay, Stablecoins Maybe Not: Deutsche Bank

According to a survey by Deutsche Bank, less than 1% of United States consumers consider cryptocurrency to be a fad, indicating a decline in negative sentiment towards crypto. Over half of the respondents view crypto as an important asset class and method of payment, with 65% believing it could replace cash. However, the outlook for bitcoin for the remainder of the year is gloomy, with only a small percentage expecting the price to surpass $70,000. Additionally, stablecoins are seen as having an uncertain future, with 42% of respondents expecting them to fade. Despite these concerns, crypto adoption in the US and the UK has remained steady, and the retail market is anticipated to rebound.

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