Bitcoin Still Dominates as US Crypto Adoption Climbs, Says Deutsche Bank

Bitcoin News

U.S. crypto participation climbed back to mid-2025 levels in March after several months of contraction, according to a new retail survey published Monday by Deutsche Bank.

The survey covered 3,400 consumers across the United States, the United Kingdom, and the European Union. U.S. adoption rose to 12% in March from a February low of 7%, recovering to a level last recorded in July 2025. Deutsche Bank analysts Marion Laboure and Camilla Siazon noted that the U.S. figure has never exceeded 14% in the survey’s history, which dates back to 2023.

Bitcoinexchange-traded funds recorded approximately $1.3 billion in net inflows during March. That figure signals a recovery in institutional demand after a slow start to the year. Bitcoin itself gained roughly 9% in March, recovering toward $70,000, though it remains more than 20% below where it started 2026. The asset is also well below its late-2025 peak above $126,000, and was trading near $75,000 at the time of publication.
Consumer price expectations remain cautious despite the participation rebound. A majority of respondents across all three regions expect Bitcoin to trade below current levels by the end of 2026. In the U.S., 19% of those surveyed forecast prices settling between $20,000 and $60,000, and 13% expect a drop below $20,000. Only around 3% of U.S. respondents anticipate a return to record highs near $120,000.
Bitcoin remains the most widely held asset across the crypto market. Roughly 70% of crypto investors in the surveyed regions hold Bitcoin, well ahead of stablecoins such as USDT and USDC. It is also the top choice for future investment, named by 69% of U.S. respondents.

Participation trends outside the U.S. showed little movement. U.K. adoption edged down slightly to 9%, though analysts described its long-term trajectory as structurally higher. European participation held flat at 7%. Younger consumers in the U.K. showed the fastest growth in adoption rates among any demographic group surveyed.

Crypto adoption continues to skew toward men and higher-income households across all regions, though the report noted gradual gains among women and lower-income investors. Gold and the S&P 500 remain the preferred overall investments in the survey, though the gap with crypto has narrowed in the U.S., where the three options are more evenly split. Ongoing macro pressures, including elevated interest rates and energy-driven inflation, continue to weigh on Bitcoin alongside broader risk assets. DeutscheBank BitcoinETF
This article contains links to third-party websites or other content for information purposes only (“Third-Party Sites”). The Third-Party Sites are not under the control of CoinMarketCap, and CoinMarketCap is not responsible for the content of any Third-Party Site, including without limitation any link contained in a Third-Party Site, or any changes or updates to a Third-Party Site. CoinMarketCap is providing these links to you only as a convenience, and the inclusion of any link does not imply endorsement, approval or recommendation by CoinMarketCap of the site or any association with its operators. This article is intended to be used and must be used for informational purposes only. It is important to do your own research and analysis before making any material decisions related to any of the products or services described. This article is not intended as, and shall not be construed as, financial advice. The views and opinions expressed in this article are the author’s [company’s] own and do not necessarily reflect those of CoinMarketCap.

Source: coinmarketcap.com