A Deutsche Bank report titled “The Future of Cryptocurrencies” found that less than half of the crypto traders and investors surveyed will leave the cryptocurrency market even if prices fall by 80%.
The online survey found that nearly 21% of the bank’s customers are cryptocurrency users, with 65% starting to enter the market during 2021.
The bank also found that most investors entered the market primarily to make money. However, 34% said their primary motivation was curiosity or portfolio diversification.
A quarter of respondents said they expect to see bitcoin at $110000 in five years and more than 70% said they plan to increase their crypto investments within a year.