On September 12, Deutsche Bank said in a report on Wednesday that U.S. consumer interest in cryptocurrencies is heating up, with less than 1% calling it a "flash in the pan," a significant decrease from previous years. Slightly more than half of those surveyed see cryptocurrencies as an important asset class and payment method, and 65 percent said they believe they can replace cash. The bank surveyed more than 3,600 consumers in the U.S., U.K., and Europe in March and July. Analysts Marion Laboure and Sai Ravindran wrote: We expect the democratization of cryptocurrencies to advance further in the next 2-3 years, driven by exchange-traded funds (ETFs), Federal Reserve policy, and regulation.