The crypto market slide has frightened off consumers. The number of active crypto users among Bank of America customers fell by more than 50% to fewer than 500,000 between November and May as the market crumbled from its highs, the bank said in a report Wednesday, citing internal data.
First-time users of crypto fell sharply. Only about 33,000 clients conducted a crypto transaction for the first time in May, down 87% from almost 267,000 last October, Bank of America said. For the one-third of customers who were conducting crypto transactions, the data shows they had only a single transaction, generally for a smaller amount. They account for only 5% of the dollar value of crypto transactions. A considerable 69% of customers who conducted crypto transactions during the COVID-19 pandemic are no longer active, the report added.
BankofAmerica Cha-ching as they come on board.
BankofAmerica a_crypto_scout
BankofAmerica Ask the Generation-Z!
BankofAmerica E eles então certos em não fazer isso.
BankofAmerica These people don't understand the benefits.
BankofAmerica if 70% had invested in crypto, 60/65% would have lost everything. The 5% would become millionaires, but that 60% would create a social economic hardship! cryptocurrencies are like slot machines but less controlled.
BankofAmerica Those 70% will buy much higher don’t worry😂😂😂crypto is the future and some learn it later than others…
BankofAmerica Huge potential
BankofAmerica Why
BankofAmerica When market is down, this is what always happens This shows how much room Crypto has to grow After the next bull market - bear market run it could be 50% 2017-18 bear market following the run it was a lot more than 70% People come in during bull runs and leave in bear runs
BankofAmerica
BankofAmerica Bullish!
BankofAmerica Wow , they're telling this because they want their high roller buddies to get in first. They will change their tune when the crypto prices are through the roof and they seize the opportunity to make their money....snakes.
BankofAmerica Quesrion: how many people here can say they were a part of, or even asked to take part of this survay? 🦗 So many facts and studies are fabricated
BankofAmerica contrarian
BankofAmerica In terms of the potential for Web3 growth, this is something we love to hear 🤩🚀
BankofAmerica As a bank of America bank user they lie alot, hidden charges I would rather have crypto any day imo
BankofAmerica Are these the same people who has nothing set aside for their retirement? Most Americans don’t/can’t save enough to find a traditional retirement let alone be ahead of the curve on crypto
BankofAmerica Ha.. I’m so shocked. A bank is putting out bearish reports on crypto currency… Let me guess the next article. “China bans Bitcoin”
BankofAmerica Way to many scams in crypto
BankofAmerica 70% people? What people kid,old?
BankofAmerica FYI
BankofAmerica Not surprising 30% of US believe in angels and 48% think the US is a Democracy, 48% think 1 of the 2 parties is on their side.
BankofAmerica can't blame them. too many sh*t happening in crypto🤔
BankofAmerica
BankofAmerica Pensemos en el otro 30% Gran noticia.
BankofAmerica But the data comes from a bank 🤔
BankofAmerica A very smart financial move. 👍
BankofAmerica Have fun staying poor DJLargechild
BankofAmerica so damn early. alot of people who say they aren't interested in investing in crypto currency or don't like blockchain, will soon unconsioucly be using blockchain technology and using crypto currency lol
BankofAmerica wait until they find out people controlling their pensions are.
BankofAmerica we're still early
BankofAmerica BabyDoge BabyDogeCoin 🐾🐶
BankofAmerica We’re so early.