{"id":12710,"date":"2022-06-14T05:25:09","date_gmt":"2022-06-14T05:25:09","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/consumer-interest-in-crypto-remains-strong-bank-of-america-says\/"},"modified":"2022-06-14T05:25:09","modified_gmt":"2022-06-14T05:25:09","slug":"consumer-interest-in-crypto-remains-strong-bank-of-america-says","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/consumer-interest-in-crypto-remains-strong-bank-of-america-says\/","title":{"rendered":"Consumer Interest in Crypto Remains Strong, Bank of America Says"},"content":{"rendered":"<p><b>(Originally posted on : Crypto News &#8211; iGaming.org )<\/b><br \/>\n<\/p>\n<div>\n<p>Consumer interest in cryptocurrencies is still strong. This is what Bank of America (BAC) said in a report on Monday, amidst a volatile Q2 and bloody correction this week.<\/p>\n<p>A survey conducted by the bank which included of 1,000 existing and potential users of cryptocurrency and digital-asset exchanges, found that 91% of respondents have intentions to buy crypto in the next six months.<\/p>\n<p>The report also noted that 30% of respondents do not plan to sell any of their crypto holdings in the next six months.<\/p>\n<p><a href=\"https:\/\/igaming.org\/crypto\/bank-of-america-bullish-on-crypto-too-large-to-ignore\/\">Bank of America<\/a> also observes a growing interest in the use of crypto for payments. Of the sample, \u00a039% and 34% of respondents are using crypto as a payment method to make online or person to person purchases, respectively.<\/p>\n<p>Most of the respondents have recently started investing in crypto, with 77% holding crypto just this last year. Furthermore for 65% of the group, crypto was good for less than 10% of overall financial investments. A small group of 15% is holding more than 25% of their total financial investments in digital assets.<\/p>\n<p>A bank analyst, Jason Kupferberg, sat down with <a href=\"https:\/\/www.cnbc.com\/video\/2022\/06\/13\/90-percent-of-bank-of-america-survey-respondents-report-plans-to-buy-crypto-in-next-6-months.html\">CNBC<\/a> on Monday to discuss the survey results. He noted that the data was collected after the collapse of the Terra ecosystem that the results were \u201cinteresting.\u201d<\/p>\n<p>Commenting on Monday\u2019s crash of crypto markets, the analyst said:<\/p>\n<blockquote>\n<p>\u201cI think today is an example of bad headlines and it wouldn\u2019t be surprising to see another breakdown in the crypto stock and in the <a href=\"https:\/\/igaming.org\/cryptocurrencies\/section\/what-is-a-bitcoin\/\">Bitcoin<\/a> price itself.\u201d<\/p>\n<\/blockquote><\/div>\n<p><a href=\"https:\/\/igaming.org\/crypto\/consumer-interest-in-crypto-remains-strong-bank-of-america-says\/\">Source link <\/a><br \/>\n<br \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Originally posted on : Crypto News &#8211; iGaming.org ) Consumer interest in cryptocurrencies is still strong. This is what Bank of America (BAC) said in a report on Monday, amidst a volatile Q2 and bloody correction this week. A survey conducted by the bank which included of 1,000 existing and potential users of cryptocurrency and [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":12711,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"categories":[34],"tags":[],"_links":{"self":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/12710"}],"collection":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/users\/5"}],"replies":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/comments?post=12710"}],"version-history":[{"count":0,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/12710\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media\/12711"}],"wp:attachment":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media?parent=12710"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/categories?post=12710"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/tags?post=12710"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}