Report: American consumers’ interest in cryptocurrencies is growing, and the democratization of cryptocurrencies will be further promoted in the next 2-3 years

Deutsche Bank said in a report on Wednesday that U.S. consumers' interest in cryptocurrency is heating up, with less than 1% considering it a "flash in the pan," a sharp drop from previous years. Just over half of those surveyed believe that cryptocurrency is an important asset class and payment method, and 65% said they believe it can replace cash. The bank surveyed more than 3,600 consumers in the United States, the United Kingdom, and Europe in March and July. "We expect the democratization of cryptocurrency to advance further over the next 2-3 years, driven by exchange-traded funds (ETFs), Fed policy, and regulation," analysts Marion Laboure and Sai Ravindran wrote. (Coindesk)