Crypto owners remain committed to bitcoin despite market turmoil (Cryptocurrency:BTC-USD)
— Morning, Remain, Consult, Transaction, Consumers, Cryptocurrencybtcusd, Market, Crypto, Bitcoin, Turmoil — 1 min read
19% of U.S. adults said they own a crypto, and 14% reported owning only bitcoin (BTC-USD) as of mid-June. Bitcoin (+1.2%) is rising slightly to $19.3K as of shortly before 1:00 p.m. on Friday. Consumers are increasingly losing trust in prominent crypto-related firms like Coinbase Global (NASDAQ:COIN), Binance and FTX, as "these companies are too young to have established long-term relationships with consumers (or stores of goodwill) and have yet to sufficiently differentiate themselves from one another," Morning Consult said. For June, 71% said they intend to buy bitcoin compared with 76% in February, as per the survey. Source