A new survey conducted by the Bank of America (BOA) revealed that out of 1000 US adults, 90% of them are planning to invest in cryptocurrencies in the next 6 months.
On the other hand, more than 40% of them are already using crypto as a means of payment.
In an interview with a TV channel on Monday, Bank of America (BOA) analyst Jason Kupferberg expressed his views on the growing acceptance of cryptocurrencies in the US.
According to the analyst, the survey was carried out earlier this month after the crash of Terra exchange’s Luna and stable coins like TerraUSD (UST).
He further added that over 1000 adults who participated in the survey were asked about their future investment plans regarding cryptocurrencies.
Kupferberg said, “It was interesting to see that 90% of US adults said they are planning to buy some amount of crypto in the next six months. That was the exact percentage of adults who had purchased cryptocurrencies in the last 6 months.”
Additionally, the survey revealed that 30% of the respondents holding crypto-assets don’t have any plans to sell their assets in the coming 6 months.
On the other hand, the BOA survey further shows that nearly 40% of US respondents are using cryptos to settle their online purchasing.
On this, Kupferberg commented, “Using crypto as a means of payments is quite interesting and we think it highlighted the increased use of Crypto-to-fiat type products.”
To make it better understood, he takes an example of the Coinbase Visa card, which lets people use cryptos to make payments where Visa is accepted.
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