The Daily Hodl
  • FEATURES
    • News
    • Bitcoin
    • Ethereum
    • Altcoins
    • Financeflux
    • Trading
    • NFTs
    • Blockchain
    • Futuremash
    • Regulators
    • Scams, Hacks & Breaches
  • HODLX
    • Latest Stories
    • FAQ
    • Submit Guest Post
  • INDUSTRY ANNOUNCEMENTS
    • Latest
    • Press Releases
    • Chainwire
    • Sponsored Posts
    • Submit Your Content
  • CRYPTO MARKETS
  • SUBMIT
    • Guest Post
    • Press Release
    • Sponsored Post
    • Advertise
No Result
View All Result
  • FEATURES
    • News
    • Bitcoin
    • Ethereum
    • Altcoins
    • Financeflux
    • Trading
    • NFTs
    • Blockchain
    • Futuremash
    • Regulators
    • Scams, Hacks & Breaches
  • HODLX
    • Latest Stories
    • FAQ
    • Submit Guest Post
  • INDUSTRY ANNOUNCEMENTS
    • Latest
    • Press Releases
    • Chainwire
    • Sponsored Posts
    • Submit Your Content
  • CRYPTO MARKETS
  • SUBMIT
    • Guest Post
    • Press Release
    • Sponsored Post
    • Advertise
No Result
View All Result
The Daily Hodl
No Result
View All Result

New Bank of America Survey Reveals 90% of US Adults Plan To Buy Crypto This Year

by Daily Hodl Staff
June 15, 2022
in Bitcoin, Blockchain

A study conducted by banking giant Bank of America is revealing a strong interest in crypto assets among US adults.

Bank of America analyst Jason Kupferberg says the survey conducted at the beginning of June among 1,000 respondents in the US shows that approximately 900 indicated they intend to purchase crypto assets before the end of 2022.

“Ninety percent of respondents said that they do plan to buy some amount of crypto in the next six months. And that was actually the same percentage who reported having actually bought some crypto over the prior six months, for example.”

According to the analyst, the number of crypto assets and exchanges is “too many” and is akin to the number of internet companies prior to the bursting of the dot-com bubble over two decades ago.

“The reality is our view has been there are too many crypto exchanges, there are too many cryptocurrencies and tokens. There’s going to need to be some amount of consolidation.

Perhaps it’s a little bit analogous to back into the dot-com era when there were too many dot-com stocks and then there was a big shakeout and then there were clearly some really significant dot-com companies that became extremely successful.

So we think there’s some element to that in what we’re seeing here, we do think a company like Coinbase stands out as being a lot larger, a lot more stable.”

Kupferberg further says Bitcoin (BTC) has demonstrated a strong correlation with risk assets such as high-growth tech stocks.

“[Bitcoin] seems [like] it’s been correlating pretty strongly with risk assets in general. For example, with high-growth tech stocks.

If you look at the charts on crypto versus some of those names, they’ve looked very similar since November of 2021. So, that’s what we’re observing at this point.

And I think today’s an example where obviously there’s some bad headlines. Not surprising to see another leg down for crypto stocks and Bitcoin itself.”

Bitcoin is trading for $21,988 at time of writing, a level last reached in November of 2020.

I

Follow us on X, Facebook and Telegram

Don't Miss a Beat – Subscribe to get email alerts delivered directly to your inbox

Check Price Action

Surf The Daily Hodl Mix

 
Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

Featured Image: Shutterstock/jamesteohart/Natalia Siiatovskaia

Submit a Press Release

Industry Announcements

  • MultiBank Group To List MBG Token on Gate.io and MEXC During Official Token Generation Event
    July 18, 2025
  • GSR Leads $100 Million Private Placement Into Nasdaq-Listed MEI Pharma To Launch First Institutional Litecoin Treasury Strategy Alongside Charlie Lee
    July 18, 2025
  • KuCoin Launches xStocks, Delivering a One-Stop Access Point to Top Global Tokenized Equities
    July 18, 2025
  • PlayW3 Unleashes ‘Be the Boss,’ a New On-Chain Business Model That Turns Creators Into Owners – Over $320,000 Already Paid Out
    July 17, 2025
  • Streamex (BSGM) CEO Henry McPhie Highlights BSGM Merger and RWA Tokenization Strategy in Live TV Interview
    July 17, 2025
  • Numerai Announces $1 Million Strategic Buyback of NMR
    July 17, 2025
  • Bit Origin Secures $500 Million Equity and Debt Facilities To Launch Dogecoin Treasury
    July 17, 2025
Submit a Guest Post
ADVERTISEMENT
Bitcoin
$118,299.70
$118,299.70
1.32%
Ethereum
$3,574.29
$3,574.29
1.66%
BNB
$733.84
$733.84
1.23%
Solana
$176.83
$176.83
3.49%
XRP
$3.47
$3.47
1.44%

Spotlight

  • Bitcoin Could Explode by 112% Before End of Year, According to Analyst Michaël van de Poppe – But There’s a Catch
    July 12, 2025
  • Financial Giant Handing up to $5,000 per Person in Data Breach Settlement After Names, Social Security Numbers and More Exposed
    July 12, 2025
  • Bitwise CIO Says Bitcoin Sellers Are Almost Exhausted, Doubles Down on $200,000 Bitcoin Price Target – Here’s His Timeline
    July 12, 2025
  • Football Pro Loses $240,000 in JPMorgan Chase Bank Scam, Triggering Inside Job Inquiry: Report
    July 12, 2025
DON'T MISS A BEAT
Crypto headlines delivered daily
to your inbox
BTC, ETH, XRP news alert options
By joining The Daily Hodl news list you agree to our
Terms and Conditions and Privacy Policy.
Featured Image: Shutterstock/Billion Photos

Covering the future of finance, including macro, bitcoin, ethereum, crypto, and web 3.

Categories

Bitcoin • Ethereum • Trading •
Altcoins • Futuremash • Financeflux •
Blockchain • Regulators • Scams •
HodlX • Press Releases

 

ABOUT US | EDITORIAL POLICY | PRIVACY POLICY
TERMS AND CONDITIONS | CONTACT | ADVERTISE

JOIN US ON TELEGRAM

JOIN US ON X

JOIN US ON FACEBOOK

COPYRIGHT © 2017-2025 THE DAILY HODL

No Result
View All Result
  • FEATURES
    • News
    • Bitcoin
    • Ethereum
    • Altcoins
    • Financeflux
    • Trading
    • NFTs
    • Blockchain
    • Futuremash
    • Regulators
    • Scams, Hacks & Breaches
  • HODLX
    • Latest Stories
    • FAQ
    • Submit Guest Post
  • INDUSTRY ANNOUNCEMENTS
    • Latest
    • Press Releases
    • Chainwire
    • Sponsored Posts
    • Submit Your Content
  • CRYPTO MARKETS
  • SUBMIT
    • Guest Post
    • Press Release
    • Sponsored Post
    • Advertise

© 2025 The Daily Hodl