CNBC wanted to survey 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 fallen in a few months
The collapse of the Terra project in May and that of FTX in November have marked the crypto universe in recent months. These events caused the bankruptcy or at least the difficulty of many exchanges. In this context of crisis, CNBC conducted a survey to estimate the current perception of cryptos among Americans. The American television channel therefore conducted a survey of 800 Americans from November 26 to 30.
The conclusions of theinvestigation CNBC’s All-America Economics show that public opinion has deteriorated markedly in a matter of months. In March, 19% of Americans still had a positive view of cryptos. Following the recent survey, this rate has fallen to 8%. Unsurprisingly, the rate of crypto skeptics also increased, from 25% in March to 43% in November. Finally, in March, 31% positioned themselves as neutral. Today, only 18% of respondents maintain this position.
Consumers in favor of stricter regulation
Americans widely promoted cryptocurrencies towards the beginning of the year. Advertisers have taken advantage of major sporting events like the Super Bowl to advertise them. This attracted new investors. Investors who are Mr. and Mrs. Everybody (this is a 90% retail market). Reason why public opinion matters. A single bad news on the front page of a reference newspaper is enough to change their opinion.
One can easily imagine the impact of this succession of collapse and bankruptcy on the perception of Americans. For crypto investors and casual observers alike, 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. Nevertheless, 21% of respondents say they are ready to get started.
As for public opinion, the survey results show deep pessimism among Americans regarding cryptos. Exchanges and other players will need to work harder to regain investor confidence and restore the credibility of digital assets.
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