Bank Of America conducted research in early June after the LUNA crash to determine the market sentiment towards Crypto. Surprisingly, the result showed that people are still planning to buy HODL and even use Crypto for online transactions. This result is surprising because the crypto community is still reeling from the market crash. But even with the ongoing downtrend, many people still believe crypto will rebound. The respondents in this survey were up to 1,000. 90% of these numbers told the researchers that they plan to invest in Crypto before the end of 2022. Related Reading | More Than 253,000 Traders Liquidated As Crypto Bloodbath Continues The researchers also discovered that the number of those already using crypto and those planning to invest is the same. By that, the BoA analysts concluded that crypto sentiment is still positive even with the ongoing woes in the market. But this stance is different from what top crypto critics think. For someone like the Berkshire Hathaway CEO, Warren Buffet, Bitcoin doesn’t have any weight because it does not produce anything. Buffet made his stance clear when he declared that he wouldn’t buy all the available BTC for 25 bucks even if someone offered them to him. This statement supported his belief that Bitcoin is not impressive whether the price skyrockets or plummets. Buffet sees BTC as an asset that investors keep passively hoping that the price will increase. To ...
