BlockNews
  • Crypto
  • Finance
  • Politics
  • Memecoins
  • NFT
  • Technology
  • Opinion
No Result
View All Result
FOLLOW
BlockNews
  • Crypto
  • Finance
  • Politics
  • Memecoins
  • NFT
  • Technology
  • Opinion
No Result
View All Result
BlockNews

Consumer Interest in Crypto Still High, According to Bank of America

by BlockNews.com Team
June 17, 2022
in Crypto
A A
Consumer Interest in Crypto Still High, According to Bank of America
1
SHARES
Share on TwitterShare on Reddit

A recent report by Bank of America shows that in spite of a market collapse, consumer interest in cryptocurrency is still strong. In the report, BoA explains, “despite the sharp correction in crypto valuations, consumer interest in the sector remains strong.” The report also included a survey conducted by the institution that showed a “growing interest” in crypto as a means of payment.

The Beginning of a New Type of Study by Bank of America

This report is the first of its kind from the banking institution. The Bank of America Global Research published a report Monday showing the results of its “inaugural crypto/digital asset survey” that took place earlier this month. 

There was a sum of 1,013 respondents to the survey who identified as a current or prospective crypto/digital asset investor, with 58% saying they currently own a digital asset of some kind. While 42% said they don’t own any now but intend to buy some within the next 6 months. 

In the report by Bank of America, their researchers wrote:

“Overall, our findings suggest that despite the sharp correction in crypto valuations, consumer interest in the sector remains strong.”

According to the results, “91% of respondents expect to buy crypto / digital assets in the next 6 months, the same percentage who said they bought in the last 6 months.”

Additionally, about 30% of respondents said that they did not have intentions to sell their digital assets for at least the next 6 months. 

The survey also suggests that crypto is actually growing in consumer interest in terms of using it as a viable payment method. The report mentions, “Interestingly, 39% and 34% of respondents reported using crypto/digital assets as a payment method to make online or in-person purchases, respectively.”

Additionally, 49% and 53% of respondents expressed interest in using crypto / digital assets to make either online or in-person purchases, respectively.

The survey also included questions pertaining to NFTs. Those respondents who claimed they owned digital assets, 38% responded they owned an NFT, with an overwhelming 50% saying they planned to purchase one in the next few months. 

Which Cryptos are the Most Popular?

Survey participants were also asked about which cryptocurrencies they invest in. The report describes:

When asked about which cryptocurrencies they were most interested in, the report returned:

“The most commonly owned crypto / digital assets were, unsurprisingly, bitcoin and Ethereum at 75% and 44% of respondents.”

Moreso, around 26% of the respondents claimed to own meme crypto, like SHIB, and DOGE coin.

12% said they owned stablecoins, like Tether (USDT), TerraUSD (UST), and USD Coin (USDC). Others were Terra (8%), Solana (8%), Avalanche (5%), and finally, Cardano (8%).

Tags: bank of americastudies
TweetShareShare

DON'T MISS THESE! HOT OFF THE PRESS

JRNY CLUB Announces $JRNY Token and EARN Platform
Breaking News

JRNY CLUB Announces $JRNY Token and EARN Platform

May 7, 2025
Everything You Need to Know About Doodles Upcoming DOOD Token
Crypto

Everything You Need to Know About Doodles Upcoming DOOD Token

May 7, 2025
Mark Cuban Slams Trump’s Crypto Ventures as Self-Serving Disaster: Is This True?
Crypto

Mark Cuban Slams Trump’s Crypto Ventures as Self-Serving Disaster: Is This True?

May 7, 2025
U.S. Aims to Become Premier Hub for Digital Asset Innovation, Says Bessent
Crypto

U.S. Aims to Become Premier Hub for Digital Asset Innovation, Says Bessent

May 7, 2025
Analysts Predict Solana’s POPCAT Could Double Amid Surging Memecoin Interest: Here is Why
Crypto

Analysts Predict Solana’s POPCAT Could Double Amid Surging Memecoin Interest: Here is Why

May 7, 2025
Unlocking New Cross-Chain Potential: BitcoinOS Brings the $BOS Airdrop to the Cardano Community
Bitcoin

Unlocking New Cross-Chain Potential: BitcoinOS Brings the $BOS Airdrop to the Cardano Community

May 7, 2025
Load More

Related News

JRNY CLUB Announces $JRNY Token and EARN Platform

JRNY CLUB Announces $JRNY Token and EARN Platform

May 7, 2025
Everything You Need to Know About Doodles Upcoming DOOD Token

Everything You Need to Know About Doodles Upcoming DOOD Token

May 7, 2025
Federal Reserve Holds Steady as Trump Tariffs Threaten Economic Stability: The Hard Truth Exposed

Federal Reserve Holds Steady as Trump Tariffs Threaten Economic Stability: The Hard Truth Exposed

May 7, 2025
Mark Cuban Slams Trump’s Crypto Ventures as Self-Serving Disaster: Is This True?

Mark Cuban Slams Trump’s Crypto Ventures as Self-Serving Disaster: Is This True?

May 7, 2025
Federal Reserve Holds Rates Steady Amid Tariff Uncertainty: Trump Disappointment Grows

Federal Reserve Holds Rates Steady Amid Tariff Uncertainty: Trump Disappointment Grows

May 7, 2025
Discord Twitter Youtube TikTok Instagram

BLOCKNEWS.COM

BlockNews

BlockNews.com is your premier source for real-time cryptocurrency, blockchain, and financial market news.

Our mission is to deliver accurate, timely, and insightful information to help both seasoned investors and newcomers navigate the evolving digital economy.

With in-depth analysis, exclusive insights, and up-to-date news, BlockNews.com keeps you informed on the latest trends in crypto, DeFi, NFTs, tech, and beyond.

Stay ahead of the herd with BlockNews.com

RESOURCES

  • About
  • Newsletter
  • Advertise
  • Terms and Conditions
  • Privacy Policy

POPULAR TOPICS

$ADA $XRP AI Avalanche Binance Bitcoin Bitcoin ETF blackrock Blockchain BTC Business Cardano China Coinbase crypto cryptocurrency Crypto Exchange Crypto Regulation DeFi Dogecoin Donald Trump Elon Musk ETF eth ethereum Federal Reserve FTX Gary Gensler grayscale Memecoin metaverse Microstrategy NFT NFTs PEPE ripple sec Shiba Inu Solana Stablecoin Technology twitter US Web3 xrp

GET QUICKER UPDATES ON X

© 2022-2025 BlockNews.com - Crypto and NFT news website by Aiur Labs.

No Result
View All Result
  • Home
  • Crypto
  • Memecoins
  • Technology
  • Politics
  • Finance
  • NFT
  • DeFi
  • Opinion

© 2022-2025 BlockNews.com - Crypto and NFT news website by Aiur Labs.