Bear Market, Luna Crash, FTX Meltdown: How it Impacted Crypto's Public Perception (Survey)

A recent study conducted by CNBC estimated that only 8% of American participants currently have a favorable view of cryptocurrencies.

Those who supported the asset class in March 2022 were 19%. The market has been through a lot since then – the prices plummeted, the Terra ecosystem crashed, and FTX filed for bankruptcy.they have a negative view of digital currencies, while this figure was 25% nine months ago. The proponents of the asset class have shrunk to 8%, down from 19%, and 18% feel neutral.

Despite the results, 24% of the respondents admitted having invested, traded, or used crypto in the past . 17% of those who have allocated some of their wealth in bitcoin or altcoins have a “very negative” stance, while 47% of the non-investors showed such an attitude.The increased criticism could be a result of the numerous adverse events that the world of crypto endured throughout the ongoing year, with Terra’s collapse and the crash of

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