Deutsche Bank Says 52% of Its Investors Expect Bitcoin Below $60K in 12 Months
Deutsche Bank’s investor clients mostly see limited upside in bitcoin (BTC) this year and expect a decline towards $20,000-$40,000 in 12 months. Those are the highlights of a monthly market survey conducted by the German lender March 18-22 of 520 market professionals around the world.
Bitcoin has been trading in a sideways range over the past week after failing to sustain an all-time-high around $61,000 reached earlier in the month.
- The 12-month BTC price forecast is more evenly distributed versus the three-month forecast, though a majority (52%) of respondents see prices under $60,000.
- The most common predicted range for bitcoin prices in three months was between $60,000 and $80,000, expected by some 36% of respondents.
- 69% of respondents think bitcoin is more likely to fall by half in 12 months, compared to 65% in February. BTC rallied by roughly 80% from February to March.
- Only 23% of respondents said they had ever bought bitcoin for their personal investments. Just over 40% of respondents under 35 have bought bitcoin compared to just 13% of those over 55.
Bitcoin (BTC) trading around $52,184.38 as of 20:00 UTC (4 p.m. ET). Slipping 4.77% over the previous 24 hours. Bitcoin’s 24-hour range: $50,458.10-$54,762.75 (CoinDesk 20) BTC trades between its 10-hour and 50-hour averages on the hourly chart, a sideways signal for market technicians. Bitcoin trading on CoinbaseSource: TradingView Bitcoin traders urged caution as prices for the cryptocurrency slid toward $50,000 for the first time in two weeks while the options market braced for volatility ahead of a record $6 billion contract expiration Friday. “This is a time to make sure that you…03/25/2021
NEWXX will jointly release NFT with a well-known design DAO.Contribute to the ecologically sound development
According to the official news, NEWXX Foundation will jointly issue NFT with famous design DAO in limited quantity, and users who get NXX-NFT can collect, auction or pledge NFT to get more NXX revenue. NEWXX Foundation and its partners around the world have been adhering to the core values of value investment and long-term and robust development strategy. In the period of crypto asset downturn and turbulence, the platform operates a robust and unique non-loss mining mechanism through its core technology to empower more users to maintain their mainstream crypto…07/05/2022
[Arena of Valor] The glorious horn blares in this hot July, waiting for the brave warriors to answer its call! No battle, no youth! Hosted by LBank and title sponsored by Hokkaidu Inu (HOKK Finance), the first HOKK Cup – LBank Arena of Valor Competition is about to start fighting with warmly sponsorship supporting from DeFi STOA, Gorilla Diamond, Kaka NFT World，DFG，CDI，Basics Capital and LBank loud. This highly anticipated competition has also attracted lots of strategic media partners like Golden Finance, ChainNews, ODaily Vernacular Blockchain, Deep Chain Finance, Chain to Finance, and Ostrich Blockchain, etc. In this hot July,…07/01/2021
Heroland Community Conference has successfully ended! Now let’s have a review about the whole conference! Introduction Metaease aims to gather the builders, designers, producers and users of the Metaverse through decentralized autonomous communities and further innovate on the basis of blockchain technology and game production technology, thus build a virtual world that blends with the real world, making it a Metaverse with complete economic cycle and social application value – Metaease will help individuals and organizations stand at the forefront of the future, establish the ultimate expression of the…01/20/2022
The 10-day ETHDenver2022 has ended on February 20th . ETHDenver is the world’s largest Web3 and blockchain conference, bringing blockchain projects and companies from around the world to Colorado’s capital every year for days of hackathons, project builds, keynotes and panel discussions, and exchanges. In addition to Ethereum itself, the event also invited a group of chain-agnostic projects, including Alogrand, Near, Polygon, and Polkadot. Notably, this year’s attendees included state Jared Polis, South African entrepreneur (and Elon’s brother) Kimbal Musk, and Ethereum co-inventor Vitalik Buterin also made a surprise appearance. This…02/21/2022
From the proposal of bitcoin to now, blockchain has gone through tenyears of development, and has long killed the sky in the field ofpass economy, but in the field related to blockchain commercialapplication, it seems poor, except in very few fields includingmedical, intelligent AI, big data, etc. There is a preliminaryinvolvement, but also subject to the sensitivity of the data, butalso did not get a good development, blockchain business applicationswhy it is so difficult? We might as well analyze it from variousangles. Paradox 1: The greater the use of pass,…03/09/2021
OEC (OKEXChain)’s first NFT asset aggregation platform Dematrix will be launched on the mainnet soon
The official opening of the third phase of OKEXChain has opened a new era of DeFi ecology, which is good news for everyone in the blockchain world. OKExChain is the world’s first transaction chain-a blockchain technology infrastructure built for transactions. Through the development of “blockchain middleware” and operational support for transaction scenarios, it reduces the development costs of application developers and improves users’ Trading experience. As an open public chain ecology, anyone can campaign to become an OKExChain super node, or they can issue their own digital assets, create their…08/29/2021
The founder of a security token startup has been arrested on charges of sexually assaulting a minor, Canadian authorities said. Trevor Koverko, former CEO of Polymath, was taken into custody on March 14 by Toronto police, a spokesperson for the department, Caroline de Kloet, told CoinDesk Wednesday. He has apparently deleted his Twitter. Koverko has been charged with “sexual interference with a person under 16 years of age” (Section 151 of Canada’s Criminal Code) and “sexual assault” (C.C. 271), said de Kloet. Chris Housser, Polymath’s other founder and interim CEO, said Koverko resigned from…03/31/2021
The Mask Word decentralized social networking protocol will allow users to own and control their social graph, while avoiding fragmentation among current social network providers and creating an open ecosystem for web participants. The Mask Word team came up with a protocol that uses smart contracts to write and read social network data on a public blockchain. The protocol which defines how identity, social graphs, and messaging elements are represented to create decentralized social networks. The applicable aspects of ownership, privacy, authenticity, portability, usability, and scalability are handled for each elements….04/16/2022
The invention of the blockchain has brought new possibilities to the field of finance. Whether we’re talking about countless new applications of blockchain finance or the emergence of DeFi (Decentralized Finance), this new ecosystem based in the native virtual currency community has been overwhelmingly positive in its impacts. Moreover, it shows the new innovations that blockchain technology provides to the global economic system. The conventional financial system has created huge volumes of wealth, but due to its practices of centralized management, and opaque system management practices, a number of…04/22/2021