According to Mars Finance, Deutsche Bank stated in a report released on Wednesday that American consumer interest in cryptocurrency is on the rise. Only less than 1% of respondents believe it's a “flash in the pan,” a significant decrease from previous years. Slightly more than half of those surveyed see cryptocurrency as an important asset class and payment method, and 65% believe it could replace cash. The bank conducted the survey of over 3,600 consumers in the United States, United Kingdom, and Europe in March and July.

Analysts Marion Laboure and Sai Ravindran wrote, “We expect the democratization of crypto to continue in the next 2-3 years, driven by exchange-traded funds (ETFs), Fed policy, and regulation.” (Coindesk)