CNBC wanted to examine Americans’ views on crypto amid this crisis. This was the subject of his All-America Economic Survey conducted November 26-30, 2022.
Crypto: The rate of Americans with a positive opinion has dropped in a few months
The collapse of the project Terra in May and that of FTX in November have shaped the crypto universe in recent months. These events caused the bankruptcy, or at least trouble, of many exchanges. In this context of crisis, CNBC conducted a poll to assess the current perception of cryptos among Americans. The American television station therefore conducted a survey of 800 Americans from November 26th to 30th.
The conclusions ofdetection CNBC’s All-America Economics shows that public opinion has deteriorated significantly in just a few months. In March, 19% of Americans still had a positive attitude towards cryptos. According to the most recent poll, that rate has dropped to 8%. Unsurprisingly, the crypto skeptic rate also rose to 43% in November from 25% in March. Finally, in March, 31% positioned themselves as neutral. Today, only 18% of respondents hold this position.
Consumers want stricter regulation
Americans heavily mined cryptocurrencies earlier in the year. Advertisers took advantage of major sporting events like that super bowl to promote it. That attracted new investors. Investors who are Mr. and Mrs. Everybody (this is a 90% retail market). Reason why public opinion matters. A single piece of bad news on the front page of a reference newspaper is enough to change their mind.
It is easy to imagine how this sequence of collapse and bankruptcy would affect American perceptions. For both crypto investors and casual observers, a large majority (53% of respondents) believe the cryptosphere needs clearer regulation. Currently, the majority of Americans (51%) are no longer willing to invest in crypto. Still, 21% of respondents say they’re ready to get started.
As for public opinion, the survey results show a deep pessimism Americans regarding cryptos. Exchanges and other players need to work harder to regain investor confidence and restore credibility to digital assets.
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I stumbled into the cryptosphere by accident and witnessed the birth of a new era, that of DeFi. It’s about economic freedom, transparency and opportunities for everyone. This is a universe that deserves to be known.