Deutsche Bank published a report this week that says that most crypto investors surveyed would be holders even if prices plummeted dramatically.
According to the findings, a broad bullishness surrounds the crypto market. Less than fifty percent of investors surveyed said they would reduce or sell their crypto if prices plunged by 80%. Meanwhile, almost 50% of those surveyed said that they’ll hold, and many have left their jobs or are considering leaving their jobs.
Among the 3,250 U.S. consumers surveyed as a part of the “The Future of Cryptocurrencies” report from the bank, 680 respondents used cryptocurrencies. Of those, 65% said they had used cryptocurrencies for the first time during the last year.
More than half of crypto traders say they purchase cryptos because they believe they can earn money, while curiosity and diversification come among other common motivations.
A quarter of those surveyed think Bitcoin could reach $110,000 in five years. Three-quarters of the participants are planning to increase their crypto activity in the future.
