Bank of America: 90% Americans plan to buy cryptocurrencies in the next six months – Bits Media

Bank of America analyst Jason Kupferberg spoke about the bank's recent survey and said, that the crypto industry in its current form is similar to the “dot-com bubble”.

Jason Kupferberg (Jason Kupferberg) told in an interview with CNBC, that a recent bank survey showed stable American interest in digital currencies. In the survey, which was held earlier this month, after the collapse of the Terra project, приняли участие более 1 000 Americans.

According to survey results, 90% американцев планируют купить криптовалюты в ближайшие шесть месяцев. При этом такое же количество респондентов сообщили, that they purchased digital currencies in the previous six months. Besides, 30% The respondents said, that they do not plan to sell cryptocurrencies in the near future.

The purpose of the survey was also to find out, do consumers expect, that in the near future they will be able to pay for goods and services with bitcoins and other cryptocurrencies. According to the results, 39% respondents answered, what digital currencies are used for online shopping.

Bank of America believes, that there are now too many different cryptocurrency exchanges, digital currencies and tokens themselves. This makes classification somewhat difficult and makes life difficult for ordinary users.

According to the expert, the market needs consolidation, otherwise the industry will begin to resemble the “dot-com bubble”, which was formed as a result of the rise in shares of Internet companies during the period from 1995 by 2001 the years. Then it burst, which led to a strong drop in the NASDAQ index, bankruptcies and the collapse of prices for server computers.

Kupferberg noted, that this shake-up turned out to be somewhat useful, because truly significant companies, who had strong and innovative ideas, managed to successfully overcome the crisis and continued working.

Formerly Bank of America CEO Brian Moynihan (Brian Moynihan) stated, that the bank does not plan to introduce cryptocurrencies in the foreseeable future due to too strict regulation of the industry.