Deutsche Bank study: Most Bitcoin investors sit out turbulence even in a bear market

Deutsche Bank study among crypto investors
Most of the survey participants do not plan any bulk sales at Brenmarkt
70 percent want to expand crypto activities

The past few months have been challenging for crypto investors. After record levels in November, the crypto markets collapsed across the board, despite attempts to recover in the meantime, a large part of the crypto currencies are listed well below the highs of a few months ago. In this year alone, the crypto bedrock Bitcoin has lost around 19 percent in value, and over a three-month period the Bitcoin price has even fallen by more than a third.

Deutsche Bank survey provides insight into the market

But a survey by Deutsche Bank at least gives investors hope that there will not be an additional mass selling panic among crypto owners. In its report “Future of Cryptocurrencies”, the financial house comes to the conclusion that even a crypto market will not drive traders and investors to mass sales.

A survey of 3,250 US consumers conducted in December found that 680 of the respondents are invested in cryptocurrencies – 65 percent of them have only bought cryptocurrencies for the first time in the last 12 months.

80 percent of the crypto owners were investors, the rest were distributed among traders and transactors, as the Deutsche Bank report further shows. Respondents were not major investors, with 61 percent of crypto owners having invested less than $10,000 in the market, and 38 percent even putting under $1,000 in cryptocurrency purchases.

Earning money with their crypto investment was the driving force for the majority of those surveyed, but around 34 percent gave “curiosity” as the reason for entering the crypto market, and a similarly high proportion of those surveyed wanted to diversify their portfolio.

Survey gives hope

Despite the weak market situation, which was also evident at the time of the December survey, around a quarter of those surveyed were confident that the price of Bitcoin would rise above $110,000. At the current price level, this would almost mean a tripling.

This confidence was also reflected in the question of whether investors would sell their bitcoin holdings when entering a bear market – i.e. a price drop of up to 80 percent. Less than half would sell all or part of their holdings in this case, according to the Deutsche Bank survey. Instead, around 70 percent of respondents even plan to increase their crypto activities over the next six months.

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