THELOGICALINDIAN - A new Bank of America analysis shows that 91 of added than 1000 accepted and -to-be US crypto investors plan to buy added agenda assets in the abutting six months Moreover about 40 of respondents appear that they use cryptocurrency as a agency of payment
Bank of America’s Crypto Survey
Bank of America (BOA) analyst Jason Kupferberg aggregate his crypto angle in an account with CNBC Monday. He was asked about a contempo Bank of America analysis that showed abiding absorption in cryptocurrencies.
The analyst explained that the analysis was conducted aboriginal this month, which was afterwards the collapse of cryptocurrency terra (LUNA) and stablecoin terrausd (UST). He added that over 1,000 accepted and -to-be crypto investors in the U.S. participated, acquainted that the sample admeasurement was “pretty significant.”
Kupferberg opined:
He continued: “That was absolutely the aforementioned allotment who appear accepting absolutely bought some crypto over the above-mentioned six months.”
In addition, 30% of all respondents said they do not plan to advertise their crypto in the abutting six months.
Using Crypto as a Payment Method
The Bank of America analysis additionally examines whether consumers apprehend to pay for appurtenances and casework with bitcoin or added cryptocurrencies in the abreast future.
According to the results, 39% of respondents said they use cryptocurrency as a agency of acquittal for online shopping.
The analyst commented:
For example, he said the Coinbase Visa agenda allows bodies to use their cryptocurrencies to accomplish payments anywhere Visa is accepted. He acclaimed that merchants do not acquire to assurance up to acquire cryptocurrencies because the bill are adapted to authorization currencies afore accession at merchants.
Commenting on the arduous cardinal of cryptocurrencies in actuality and decentralization, he opined:
Kupferberg added that “Some bulk of consolidation” is needed. “Perhaps it’s a little bit akin to the dot-com era. There were too abounding dot-com stocks. There was a big shakeout and there were absolutely cogent dot-com companies that became acutely successful,” the Bank of America analyst concluded.
Editor’s Note (June 6 at 6:51 a.m. EDT): This commodity has been adapted to reflect that analysis respondents are accepted and -to-be crypto investors.
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