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The Markets
by Proactive
Proactive UK has moved.
Coverage of London’s small caps continues on proactiveinvestors.com
Go to Proactive UK
The Markets
by Proactive
Proactive UK has moved.
Small-cap coverage continues on .com
Go to Proactive UK
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The Markets
by Proactive
Proactive UK has moved.
Small-cap coverage continues on .com
Go to Proactive UK

Blockchain & Crypto

Do you think bitcoin is likely to halve or double in 2022? The answer depends on how old you are

For their 'special 2022 global financial market sentiment survey', Deutsche Bank team polled more than 750 market professionals around the world

The significant variation in generational views on cryptocurrencies was on full display as Deutsche Bank carried out a big end-of-year survey among market professionals.

For the 'special 2022 global financial market sentiment survey', which was conducted between 6-9 December, the team polled more than 750 market professionals all around the world.

Asked about whether bitcoin is more likely to halve or double in 2022 – and the answers differed markedly depending on whether respondents were older or younger than 35.

Bitcoin is more likely to halve than double, the DB survey found overall.

However that was unless you asked financial market professionals aged under 35, in which case respondents believe the opposite is true.

Other results of the survey were that respondents believe the biggest risk for the coming year is higher than expected inflation, with expectations of average US consumer price inflation of 3.8%.

The second biggest risk people fear is a more aggressive tightening cycle from the US Federal Reserve, followed by vaccine-escaping variants.

Around 4% of people believe 2022 will see the next US recession, but the majority expect it to come in 2024.

Looking at stock markets, the S&P 500's average expected return for next year is just 4.2%, which is well below average annual returns over the last decade.

The Deutsche team, led by chief credit strategist Jim Reid, also tried to find out the financial world's 'favourite Christmas song'.

But while they hinted that "interestingly there's a different number one in each region", the analysts said you will have to get the report to find out that particular result.

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