Bank of America: Consumer Interest in Crypto Remains Strong

Bank of America’s new report explains that “despite the sharp correction in crypto valuations, consumer interest in the sector remains strong.” The report, which includes the bank’s new crypto survey, also shows “growing interest” in cryptocurrency’s use as a means of payment.

Bank of America Global Research published a report Monday highlighting the results of its “inaugural crypto/digital asset survey,” which took place early this month.

Out of 1,013 survey respondents who identified themselves as current or prospective crypto/digital asset investors, 58% said they currently own crypto or digital assets. The other 42% said they do not own crypto presently but plan to buy some in the next six months.

In the report, which Bank of America shared with Bitcoin.com News, the research team wrote:

Overall, our findings suggest that despite the sharp correction in crypto valuations, consumer interest in the sector remains strong.