Narratives have driven the cryptocurrency news cycle for years, and today's overriding theme is not in dispute — things are bad in crypto. Real bad.
Driving the news: But with a crash comes inevitable headlines of doom. And according to fresh data on the industry from a Morning Consult survey released today, crypto investors may be the least likely to agree with them.
Why it matters: The vast majority of people have never invested in crypto (83% of U.S. households).
Those that have long predicted its demise are now taking a victory lap, but a deeper analysis of those that are invested in crypto may yield some surprises.
Quick take: Crypto users are actually quite optimistic.
Overall consumer confidence is higher among crypto owners than the general population, according to Morning Consult’s Index of Consumer Sentiment (ICS).
Even now, the ICS for cryptocurrency owners is 15 percentage points higher than it is for all U.S. adults.
Meanwhile, the recent crypto crash shouldn't be...
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https://www.axios.com/2022/07/07/beware-the-crypto-narratives
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