From Nasdaq:

A Deutsche Bank survey of 2,000 retail clients found that a third of respondents predict Bitcoin could drop below $20,000 by year-end. This contrasts with bullish predictions like Anthony Scaramucci’s $170,000 price target post-halving in April, due to ETF-spurred demand and thinner supply. More respondents believe Bitcoin will disappear in the coming years than those who believe it will stick around. This represents a failure of outreach and communication in the crypto industry, as Bitcoin has proven naysayers wrong and remains the best investment of the post-financial crisis era.

Bitcoin’s core value proposition is that it cannot be shut down, providing an immutable, math-based system for tracking conveyances of value without interference or censorship. However, this doesn’t impress the average person like Joe Six-Pack, who is not impressed by the abstract idea and prefers to trust in something. Unfortunately, the behavior of people associated with cryptocurrency, along with the bravado and noise surrounding it, makes it much harder for Joe to believe in Bitcoin. The crypto community needs to deliver simple, sympathetic messages to improve customer trust and understanding.



Read more: Why People Still Think Bitcoin Will Die