Many investors are already talking about how long this crypto winter could last. Still, according to Bank of America, most retailers are waiting for the ideal time to buy cryptocurrencies as soon as this year.
A survey of 1,000 people conducted in early June by Bank of America (BAC) found that 90% of respondents were preparing to buy cryptocurrencies within the next six months.
In addition, the study noted that the number of users who owned cryptocurrencies was similar to the number who wanted to buy. This means that the enthusiasm for cryptocurrencies is far from over, which some well-known crypto skeptic investors like Warren Buffett have pointed out on numerous occasions.
30% of Crypto Investors Want to HODL Their Tokens
According to Bank of America, 30% of respondents said they had no intentions of selling their cryptocurrencies during the next six months despite the massive decline that the crypto market has suffered. Even so, acording to some analysts, the bearish trend is not...
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INN caught up with cryptocurrency investment expert Dan Hoover to review the current landscape and where the market may be heading. The cryptocurrency investment marketplace has gone through severa...