Bank of America: Consumer Interest in Crypto Remains Strong

Bank of America: Consumer Interest in Crypto Remains Strong

THELOGICALINDIAN - Bank of Americas new address explains that admitting the aciculate alteration in crypto valuations customer absorption in the area charcoal able The address which includes the banks new crypto analysis additionally shows growing absorption in cryptocurrencys use as a agency of payment

Bank of America’s Inaugural Crypto Survey

Bank of America Global Research appear a address Monday highlighting the after-effects of its “inaugural crypto/digital asset survey,” which took abode aboriginal this month.

Out of 1,013 analysis respondents who articular themselves as accepted or -to-be crypto/digital asset investors, 58% said they currently own crypto or agenda assets. The added 42% said they do not own crypto anon but plan to buy some in the abutting six months.

In the report, which Bank of America aggregate with News, the analysis aggregation wrote:

According to the analysis results, “91% of respondents apprehend to buy crypto / agenda assets in the abutting 6 months, the aforementioned allotment who said they bought in the aftermost 6 months,” the address details.

Furthermore, 30% of respondents adumbrated that they do not plan to advertise any of their crypto backing over the abutting six months.

The analysis additionally shows “growing interest” in crypto’s use as a acquittal method. “Interestingly, 39% and 34% of respondents appear application crypto / agenda assets as a acquittal adjustment to accomplish online or in-person purchases, respectively,” the address describes, noting:

Moreover, the analysis includes questions about non-fungible tokens (NFTs). Amongst agenda asset owners who responded, 38% appear they additionally endemic an NFT, with over 50% of respondents adage they plan to buy NFTs over the abutting few months.

Popular Cryptocurrencies Among Respondents

Survey participants were additionally asked about which cryptocurrencies they advance in. The address describes:

Moreover, 26% of respondents said they endemic meme cryptocurrencies, like dogecoin (DOGE) and shiba inu (SHIB).

A added 12% said they endemic stablecoins, such as binding (USDT), usd bread (USDC), and terrausd (UST). Other accepted cryptocurrencies amid respondents were terra (8%), cardano (8%), solana (8%), XRP (6%), and barrage (5%).

Cryptocurrency terra (LUNA) and algebraic stablecoin terrausd (UST) burst in aboriginal May. Their controversial implosion has prompted regulators in assorted countries to investigate the collapse and alarm for the urgent regulation of stablecoins.

What do you anticipate about the allegation from this Bank of America survey? Let us apperceive in the comments area below.

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