Deutsche Bank Report Highlights Growing Interest in Cryptocurrency Among US Consumers

According to BlockBeats, a report released by Deutsche Bank on September 12 indicates a significant rise in interest in cryptocurrency among American consumers. The report reveals that less than 1% of respondents now view cryptocurrency as a 'passing fad,' a notable decrease compared to previous years. The survey, conducted in March and July, included over 3,600 consumers from the United States, the United Kingdom, and Europe. More than half of the respondents consider cryptocurrency an important asset class and payment method, with 65% believing that it could replace cash. Analysts Marion Laboure and Sai Ravindran noted, 'We expect the democratization of cryptocurrency to advance further in the next 2-3 years, driven by exchange-traded funds (ETFs), Federal Reserve policies, and regulatory developments.'