Crypto and digital assets have plunged in value this year amid inflation and recession fears.
But that hasn't dampened interest in digital assets and crypto, a Bank of America survey shows.
Ninety one percent of respondents say they still plan to buy crypto in the next six months.
The spectacular crash in crypto hasn’t dissuaded people’s interest in digital assets at all, according to Bank of America.
Ninety-one percent of 1,013 people the bank surveyed in early June said they expect to buy crypto in the next 6 months. That is the same percentage as those who actually bought in the past 6 months, BofA noted.
This may be surprising to some considering how far crypto units have fallen as inflation and recession fears grip the market. Bitcoin has lost two-thirds of its value from its record high in early November, and TerraUSD and its sister coin Luna’s one-to-one peg crumbled in May showing that sometimes stablecoins aren’t necessarily stable. TerraUSD and Luna are pretty much...
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