Bank of America: 90% of US Adults Surveyed Plan to Buy Crypto in 6 Months

A caller Bank of America survey shows that retired of much than 1,000 U.S. adults, 90% program to bargain crypto successful the adjacent six months. Moreover, astir 40% of respondents revealed that they usage cryptocurrency arsenic a means of payment.

Bank of America’s Crypto Survey

Bank of America (BOA) expert Jason Kupferberg shared his crypto outlook successful an interrogation with CNBC Monday. He was asked astir a caller Bank of America survey that showed sustained involvement successful cryptocurrencies.

The expert explained that the survey was conducted aboriginal this month, which was aft the illness of cryptocurrency terra (LUNA) and stablecoin terrausd (UST). He added that implicit 1,000 U.S. adults participated, noting that the illustration size was “pretty significant.”

Kupferberg opined:

It was absorbing to spot that 90% of respondents said they bash program to bargain immoderate magnitude of crypto successful the adjacent six months.

He continued: “That was really the aforesaid percent who reported having really bought immoderate crypto implicit the anterior six months.”

In addition, 30% of each respondents said they bash not program to merchantability their crypto successful the adjacent six months.

Using Crypto arsenic a Payment Method

The Bank of America survey besides examines whether consumers expect to wage for goods and services with bitcoin oregon different cryptocurrencies successful the adjacent future.

According to the results, 39% of respondents said they usage cryptocurrency arsenic a means of outgo for online shopping.

The expert commented:

Using it arsenic a outgo method is absorbing for definite and we deliberation what that’s highlighting is the accrued usage of certain, what we call, crypto-to-fiat-type products.

For example, helium said the Coinbase Visa paper allows radical to usage their cryptocurrencies to marque payments anyplace Visa is accepted. He noted that merchants bash not person to motion up to judge cryptocurrencies due to the fact that the coins are converted to fiat currencies earlier arriving astatine merchants.

Commenting connected the sheer fig of cryptocurrencies successful beingness and decentralization, helium opined:

The world is our presumption has been determination are excessively galore crypto exchanges. There are excessively galore cryptocurrencies and tokens.

Kupferberg added that “Some magnitude of consolidation” is needed. “Perhaps it’s a small spot analogous to the dot-com era. There were excessively galore dot-com stocks. There was a large shakeout and determination were truly important dot-com companies that became highly successful,” the Bank of America expert concluded.

What bash you deliberation astir this Bank of America crypto survey? Let america cognize successful the comments conception below.