![]() ![]() When it comes to barriers holding back crypto adoption, Education was identified as the biggest barrier to entry “with 61% of respondents stating they don’t understand it enough, 41% saying they don’t know how to invest in crypto, and 38% saying they don’t know what to do with it.” investors exhibit "herd-like" behavior during rapid price movements in the crypto market, according to JPMorgan ![]() “Regulation and security come through as top concerns and illustrate why Bakkt’s thoughtful approach to risk aligns with crypto owners’ values and concerns.” We do not see signals of a market exit,” said Bakkt CEO Gavin Michael. “The results of the study confirm that cryptocurrency is increasingly appealing and not significantly impacted by the recent failure of FTX. This survey found that agreement with the above sentiments “all dipped by a mere single-digit percentage overall,” suggesting that the collapse of FTX had little impact on most people’s perception of crypto. ![]() 28, following the collapse of FTX, to gain insight into how its bankruptcy impacted the initial findings. The study also revealed that 84% of respondents agree that crypto is gaining popularity, with 68% saying that crypto is the next advancement in modern finance.Īn additional short-term assessment of more than 1,000 customers was conducted from Nov. Both groups selected “it’s your crypto, not the crypto company’s” as the #1 most important safety and regulation measure.Īs a result of the events of 2022, 92% of crypto owners and 78% of the crypto-curious predicted that the crypto industry will be more regulated in the future. 71% of crypto owners and 70% of crypto curious indicated that they were extremely or somewhat concerned with the safety and regulation around purchasing crypto. Prior to the FTX collapse, regulation was seen as the top concern for survey participants after a volatile summer in the wake of Terra/Luna’s collapse. consumers who own crypto or are interested in crypto, examined the level of interest following the volatility of this past summer and their future outlook for crypto’s role in the global financial system. The study, which surveyed more than 2,000 U.S. In contrast, 52% of current crypto holders had a high recall of recent events, which “contributed to their dip in outlook sentiment.” The improvement in sentiment among the crypto-curious crowd was attributed to the fact that this group was admittedly less informed about the recent happenings in crypto, with only 33% indicating that they recalled reading or hearing about any recent crypto events. “Overall, almost half say their interest in purchasing crypto hasn’t changed,” the report said. Consumer Crypto Sentiment Study, which was conducted in mid-October, there was only a 7% decline in interest or plans to purchase crypto in the future among current crypto holders, while those who are “crypto curious” actually saw a 2% increase in interest. (Kitco News) - The plunge in cryptocurrency prices in the wake of the FTX bankruptcy and other negative events of 2022 has done little to dampen the optimism most crypto holders feel about the space, according to a recent survey commissioned by the digital asset platform Bakkt.Īccording to the results of the Bi-Annual U.S. Editor's Note: With so much market volatility, stay on top of daily news! Get caught up in minutes with our speedy summary of today's must-read news and expert opinions. ![]()
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