news4global
  • Home
  • Bitcoin
  • Blockchain
  • Business
  • Latest news
  • Market
  • Regulation
  • VideosHot
    Ripple XRP Price News Today Technical Analysis – Ripple XRP Price Now! Elliott Wave Analysis!

    Ripple XRP Price News Today Technical Analysis – Ripple XRP Price Now! Elliott Wave Analysis!

    Cardano ADA Price News Today – Elliott Wave Technical Analysis and Price Now! Price Prediction!

    Cardano ADA Price News Today – Elliott Wave Technical Analysis and Price Now! Price Prediction!

    Cardano ADA Price News Today – Elliott Wave Technical Analysis and Price Now! Price Prediction!

    Cardano ADA Price News Today – Elliott Wave Technical Analysis and Price Now! Price Prediction!

    Bitcoin About To Shock Everyone – Prediction Changed | Gareth Soloway

    Bitcoin About To Shock Everyone – Prediction Changed | Gareth Soloway

    Shiba inu Massive news | Emergency Meeting अमेरिका से बड़ी खबर | Cryptocurrency | USDC latest news

    Shiba inu Massive news | Emergency Meeting अमेरिका से बड़ी खबर | Cryptocurrency | USDC latest news

    Stellar Lumens Price Prediction – XLM Crypto Price News Now!!! Watch This Before Buying?

    Stellar Lumens Price Prediction – XLM Crypto Price News Now!!! Watch This Before Buying?

    Bybit Exchange Review | The Most Reliable Cryptocurrency Trading Platform

    Bybit Exchange Review | The Most Reliable Cryptocurrency Trading Platform

    Cardano ADA Price News Today – Elliott Wave Technical Analysis and Price Now! Price Prediction!

    Cardano ADA Price News Today – Elliott Wave Technical Analysis and Price Now! Price Prediction!

    Cardano ADA Price News Today – Elliott Wave Technical Analysis and Price Now! Price Prediction!

    Cardano ADA Price News Today – Elliott Wave Technical Analysis and Price Now! Price Prediction!

No Result
View All Result
  • Home
  • Bitcoin
  • Blockchain
  • Business
  • Latest news
  • Market
  • Regulation
  • VideosHot
    Ripple XRP Price News Today Technical Analysis – Ripple XRP Price Now! Elliott Wave Analysis!

    Ripple XRP Price News Today Technical Analysis – Ripple XRP Price Now! Elliott Wave Analysis!

    Cardano ADA Price News Today – Elliott Wave Technical Analysis and Price Now! Price Prediction!

    Cardano ADA Price News Today – Elliott Wave Technical Analysis and Price Now! Price Prediction!

    Cardano ADA Price News Today – Elliott Wave Technical Analysis and Price Now! Price Prediction!

    Cardano ADA Price News Today – Elliott Wave Technical Analysis and Price Now! Price Prediction!

    Bitcoin About To Shock Everyone – Prediction Changed | Gareth Soloway

    Bitcoin About To Shock Everyone – Prediction Changed | Gareth Soloway

    Shiba inu Massive news | Emergency Meeting अमेरिका से बड़ी खबर | Cryptocurrency | USDC latest news

    Shiba inu Massive news | Emergency Meeting अमेरिका से बड़ी खबर | Cryptocurrency | USDC latest news

    Stellar Lumens Price Prediction – XLM Crypto Price News Now!!! Watch This Before Buying?

    Stellar Lumens Price Prediction – XLM Crypto Price News Now!!! Watch This Before Buying?

    Bybit Exchange Review | The Most Reliable Cryptocurrency Trading Platform

    Bybit Exchange Review | The Most Reliable Cryptocurrency Trading Platform

    Cardano ADA Price News Today – Elliott Wave Technical Analysis and Price Now! Price Prediction!

    Cardano ADA Price News Today – Elliott Wave Technical Analysis and Price Now! Price Prediction!

    Cardano ADA Price News Today – Elliott Wave Technical Analysis and Price Now! Price Prediction!

    Cardano ADA Price News Today – Elliott Wave Technical Analysis and Price Now! Price Prediction!

No Result
View All Result
news4global
No Result
View All Result
Home Regulation

90% of US Adults Surveyed Plan to Buy Crypto in 6 Months – Bitcoin News

June 15, 2022
Reading Time: 4 mins read
0
90% of US Adults Surveyed Plan to Buy Crypto in 6 Months – Bitcoin News
189
SHARES
1.5k
VIEWS
Share on FacebookShare on Twitter

Related articles

Bitcoin pro traders warm up the $24K level, suggesting that the current BTC rally has legs – Cointelegraph

March Bitcoin Mining Stats Show Climbing Revenue and Hashrate … – Bitcoin News

April 1, 2023
Bitcoin pro traders warm up the $24K level, suggesting that the current BTC rally has legs – Cointelegraph

Ripple CEO Slams SEC Chair Gensler for Dictating Which Crypto … – Bitcoin News

April 1, 2023

A new Bank of America survey shows that out of more than 1,000 U.S. adults, 90% plan to buy crypto in the next six months. Moreover, nearly 40% of respondents revealed that they use cryptocurrency as a means of payment.

Bank of America’s Crypto Survey

Bank of America (BOA) analyst Jason Kupferberg shared his crypto outlook in an interview with CNBC Monday. He was asked about a recent Bank of America survey that showed sustained interest in cryptocurrencies.

The analyst explained that the survey was conducted early this month, which was after the collapse of cryptocurrency terra (LUNA) and stablecoin terrausd (UST). He added that over 1,000 U.S. adults participated, noting that the sample size was “pretty significant.”

Kupferberg opined:

It was interesting to see that 90% of respondents said they do plan to buy some amount of crypto in the next six months.

He continued: “That was actually the same percentage who reported having actually bought some crypto over the prior six months.”

In addition, 30% of all respondents said they do not plan to sell their crypto in the next six months.

Using Crypto as a Payment Method

The Bank of America survey also examines whether consumers expect to pay for goods and services with bitcoin or other cryptocurrencies in the near future.

According to the results, 39% of respondents said they use cryptocurrency as a means of payment for online shopping.

The analyst commented:

Using it as a payment method is interesting for sure and we think what that’s highlighting is the increased use of certain, what we call, crypto-to-fiat-type products.

For example, he said the Coinbase Visa card allows people to use their cryptocurrencies to make payments anywhere Visa is accepted. He noted that merchants do not have to sign up to accept cryptocurrencies because the coins are converted to fiat currencies before arriving at merchants.

Commenting on the sheer number of cryptocurrencies in existence and decentralization, he opined:

The reality is our view has been there are too many crypto exchanges. There are too many cryptocurrencies and tokens.

Kupferberg added that “Some amount of consolidation” is needed. “Perhaps it’s a little bit analogous to the dot-com era. There were too many dot-com stocks. There was a big shakeout and there were really significant dot-com companies that became extremely successful,” the Bank of America analyst concluded.

What do you think about this Bank of America crypto survey? Let us know in the comments section below.

Kevin Helms

A student of Austrian Economics, Kevin found Bitcoin in 2011 and has been an evangelist ever since. His interests lie in Bitcoin security, open-source systems, network effects and the intersection between economics and cryptography.




Image Credits: Shutterstock, Pixabay, Wiki Commons

Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.

More Popular News

In Case You Missed It

Share76Tweet47

Related Posts

Bitcoin pro traders warm up the $24K level, suggesting that the current BTC rally has legs – Cointelegraph

March Bitcoin Mining Stats Show Climbing Revenue and Hashrate … – Bitcoin News

by admin
April 1, 2023
0

March Bitcoin Mining Stats Show Climbing Revenue and Hashrate ...  Bitcoin News

Bitcoin pro traders warm up the $24K level, suggesting that the current BTC rally has legs – Cointelegraph

Ripple CEO Slams SEC Chair Gensler for Dictating Which Crypto … – Bitcoin News

by admin
April 1, 2023
0

Ripple CEO Slams SEC Chair Gensler for Dictating Which Crypto ...  Bitcoin News

Bitcoin pro traders warm up the $24K level, suggesting that the current BTC rally has legs – Cointelegraph

Ethereum Price Prediction as ETH Falls Below $1,800 – Time to Buy … – Cryptonews

by admin
March 31, 2023
0

Ethereum Price Prediction as ETH Falls Below $1,800 – Time to Buy ...  Cryptonews

Bitcoin pro traders warm up the $24K level, suggesting that the current BTC rally has legs – Cointelegraph

SEC Takes Action Against Crypto Trading Platform Beaxy and Its … – Bitcoin News

by admin
March 31, 2023
0

SEC Takes Action Against Crypto Trading Platform Beaxy and Its ...  Bitcoin News

Bitcoin pro traders warm up the $24K level, suggesting that the current BTC rally has legs – Cointelegraph

Crypto Exchange Kraken Takes a Stand as It Promises to Meet Canada’s Stricter Regulations – Coinpedia Fintech News

by admin
March 30, 2023
0

Crypto Exchange Kraken Takes a Stand as It Promises to Meet Canada’s Stricter Regulations  Coinpedia Fintech News

Load More
  • Trending
  • Comments
  • Latest

Bitcoin’s Main Rival Ethereum Hits A Fresh Record High: $425.55

March 3, 2022

Bitcoin Is ‘Definitely Not a Fraud,’ CEO of Mobile-Only Bank Revolut Says

March 2, 2022
How online shopping has changed over the last 30 years | National

How online shopping has changed over the last 30 years | National

April 6, 2022
Protocon Announces ‘Contract Model’, an Alternative

Protocon Announces ‘Contract Model’, an Alternative

April 6, 2022

US Commodities Regulator Beefs Up Bitcoin Futures Review

0

Bitcoin Hits 2018 Low as Concerns Mount on Regulation, Viability

0

India: Bitcoin Prices Drop As Media Misinterprets Gov’s Regulation Speech

0

Bitcoin’s Main Rival Ethereum Hits A Fresh Record High: $425.55

0
Bitcoin pro traders warm up the $24K level, suggesting that the current BTC rally has legs – Cointelegraph

March Bitcoin Mining Stats Show Climbing Revenue and Hashrate … – Bitcoin News

April 1, 2023
Bitcoin pro traders warm up the $24K level, suggesting that the current BTC rally has legs – Cointelegraph

Ethereum’s L1 would have no problem interacting with zkEVMs, Vitalik clarifies – AMBCrypto News

April 1, 2023
Bitcoin pro traders warm up the $24K level, suggesting that the current BTC rally has legs – Cointelegraph

Cryptoquant's Ki Young Ju Approached By Korean SEC For FSS … – Investing.com

April 1, 2023
Bitcoin pro traders warm up the $24K level, suggesting that the current BTC rally has legs – Cointelegraph

Best Crypto News Apps In India 2023: Top 7 Picks & Reviews – Biz Report

April 1, 2023

Latest News

Bitcoin pro traders warm up the $24K level, suggesting that the current BTC rally has legs – Cointelegraph

March Bitcoin Mining Stats Show Climbing Revenue and Hashrate … – Bitcoin News

April 1, 2023
Bitcoin pro traders warm up the $24K level, suggesting that the current BTC rally has legs – Cointelegraph

Ethereum’s L1 would have no problem interacting with zkEVMs, Vitalik clarifies – AMBCrypto News

April 1, 2023

Categories

Site Navigation

  • Home
  • About us
  • Contact us
  • Privacy policy
  • Terms and services
  • Home
  • About us
  • Contact us
  • Privacy policy
  • Terms and services

© 2022 Designed by news4global

No Result
View All Result
  • Home
  • Bitcoin
  • Blockchain
  • Business
  • Latest news
  • Market
  • Regulation
  • Videos

© 2022 Designed by news4global