One Bank Asked Its Clients Where Bitcoin Will End 2021: Here’s What They Said

The Ultimate Managed Hosting Platform

One Bank Asked Its Clients Where Bitcoin Will End 2021: Here’s What They Said

As Deutsche Bank’s chief credit strateigst, Jim Reid, writes, “central banks have driven us here and in turn have also driven Bitcoin to the spectacular year.”

It’s also why in an addendum to his latest monthly survey, Reid explicitly asked Deutsche Bank’s clients around the globe where they thought bitcoin would end 2021.

Here are the answers: a vast majority think it goes higher with only 27% thinking under $20,000 in 12 months. 41% think between $20-49,999 in various buckets with 12% thinking over $100,000.

On an average basis, survey respondents think it will be over $40,000 by then, nearly double current levels.

Tyler Durden
Tue, 12/22/2020 – 22:25


This post has been republished with permission from a publicly-available RSS feed found on Zero Hedge. The views expressed by the original author(s) do not necessarily reflect the opinions or views of The Libertarian Hub, its owners or administrators. Any images included in the original article belong to and are the sole responsibility of the original author/website. The Libertarian Hub makes no claims of ownership of any imported photos/images and shall not be held liable for any unintended copyright infringement. Submit a DCMA takedown request.

-> Click Here to Read the Original Article <-

Leave a Comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Weekly Newsletter SignupTop Story of the Week

Subscribe to our newsletter to receive a weekly email report of the most popular article on the Libertarian Hub!