A new CNBC survey suggests that only 8% of Americans have a favorable view of cryptocurrency as of the end of November, down significantly from the 19% recorded in March.
CNBC’s All-America Economic Survey was conducted between Nov. 26 and Nov. 30. It, however, should be taken with a grain of salt as, despite its name, it had a relatively small sample size of 800 respondents across the U.S. in total, with a margin error of +/- 3.5%.
The survey was published on Dec. 7, and alongside the declining number of crypto friendly respondents, CNBC highlighted that the number of haters (those with negative crypto views) has grown rapidly, increasing from 25% in March to 43% by November.
CNBC suggested the results indicate a “dramatic fall for an investment that was touted as its own asset class and had a celebrated coming-out party on the global stage with multiple Super Bowl ads and celebrity endorsements.”
The survey also indicated that a fair amount of crypto investors are turning sour on the asset class too, as 42% of such respondents indicated to have a “somewhat or very negative view” of crypto.
“According to the survey, 42% of crypto investors now have a somewhat or very negative view of the asset, in line with the 43% result for all adults in the survey. The main difference: 17% of crypto investors are ‘very negative’ compared with 47% for non-crypto investors,” CNBC notes.
While the survey did not postulate what caused the negative sentiment between March and November, recent events in the crypto industry are likely to have played a part.
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