{"id":471816,"date":"2022-07-08T08:06:40","date_gmt":"2022-07-08T05:06:40","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/what-bear-market-consumer-confidence-higher-among-crypto-owners-than-normies\/"},"modified":"2022-07-08T08:06:40","modified_gmt":"2022-07-08T05:06:40","slug":"what-bear-market-consumer-confidence-higher-among-crypto-owners-than-normies","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/what-bear-market-consumer-confidence-higher-among-crypto-owners-than-normies\/","title":{"rendered":"# What bear market? Consumer confidence higher among crypto owners than normies"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_85 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-6a415b0be2e25\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #dd3333;color:#dd3333\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #dd3333;color:#dd3333\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-6a415b0be2e25\" checked aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-1'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/buradabiliyorum.com\/en\/what-bear-market-consumer-confidence-higher-among-crypto-owners-than-normies\/#%E2%80%9D_What_bear_market_Consumer_confidence_higher_among_crypto_owners_than_normies_%E2%80%9C\" >&#8221; What bear market? Consumer confidence higher among crypto owners than normies &#8220;<\/a><\/li><\/ul><\/nav><\/div>\n<h1><span class=\"ez-toc-section\" id=\"%E2%80%9D_What_bear_market_Consumer_confidence_higher_among_crypto_owners_than_normies_%E2%80%9C\"><\/span>&#8221; What bear market? Consumer confidence higher among crypto owners than normies &#8220;<span class=\"ez-toc-section-end\"><\/span><\/h1>\n<div class=\"post-content\" data-v-2a0745c6>Consumer confidence is considerably higher among crypto owners than the average American adult, with crypto owners sitting 16.4 points higher on the consumer sentiment index.\u00a0<\/p>\n<p>A July 7 <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/go.morningconsult.com\/rs\/850-TAA-511\/images\/220630_1_State_of_Cryptocurrency_Report.pdf\">report<\/a> from research firm Morning Consult shows that although average United States (U.S.) adult consumer sentiment has dropped 13.5% since mid-January, confidence amongst crypto owners has held up relatively better, falling only 8.1% over the same period.<\/p>\n<figure><img decoding=\"async\" src=\"https:\/\/s3.cointelegraph.com\/uploads\/2022-07\/1bd067f8-9010-4c13-9b90-7e713ace2598.PNG\"><\/figure>\n<p>The research firm said that the discrepancy is partially explained by the fact that the average crypto owner is \u201cmore likely to be wealthier, younger and male\u201d than the average U.S. adult.\u00a0<\/p>\n<p>\u201cIn recent months, age has been one of the biggest drivers of differences in consumer confidence, as fixed incomes, health risks and memories of past episodes of high inflation in the United States lead older Americans to be more pessimistic,\u201d it said. <\/p>\n<p>The report states that Millennial men who earn at least $100,000 per year are the most likely people to own crypto, though Gen Z adults also show fairly high levels of crypto ownership. Baby boomers and women remain the least likely to hodl. <\/p>\n<figure><img decoding=\"async\" src=\"https:\/\/s3.cointelegraph.com\/uploads\/2022-07\/fd44ff04-8807-41ff-8058-230f2a0e2a99.PNG\"><\/figure>\n<p>The report cites respondents\u2019 lofty price expectations for Bitcoin (BTC) as a driving factor for their optimism, noting that the average crypto user expects the price to bounce back to $38,000 within the next six months.<\/p>\n<p>This is despite some experts believing\u00a0Bitcoin will remain sideways for the foreseeable future and could go as low as $16,000.<\/p>\n<p>Price recovery is likely important for the average crypto holder because the majority of crypto owners \u2014 66% primarily see cryptocurrency as a means to make money as opposed to using it to send or as a means of payment, according to the report. <\/p>\n<figure><img decoding=\"async\" src=\"https:\/\/s3.cointelegraph.com\/uploads\/2022-07\/772c4ab5-6d64-4892-91a5-5795619428cf.jpg\"><\/figure>\n<p><strong><em>Related: <\/em><\/strong><strong><em>Bitcoin vs bank: Nayib Bukele reminds Peter Schiff why banks can\u2019t trump BTC<\/em><\/strong><\/p>\n<p>Bitcoin was the most popular crypto owned by Americans, with 75% of U.S. crypto owners in possession of the cryptocurrency according to the report. It is worth noting that stablecoin USD Coin (USDC) and the native token of the Solana blockchain (SOL) saw 4% increases in ownership each since January.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">By a wide margin, <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/hashtag\/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw\">#Bitcoin<\/a> is the most popular<a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/hashtag\/cryptocurrency?src=hash&amp;ref_src=twsrc%5Etfw\">#cryptocurrency<\/a> owned by Americans, as 75% of U.S. crypto owners own Bitcoin. <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/t.co\/x87mWnFxQF\">https:\/\/t.co\/x87mWnFxQF<\/a> <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/t.co\/WLoDEtYim8\">pic.twitter.com\/WLoDEtYim8<\/a><\/p>\n<p>\u2014 Morning Consult (@MorningConsult) <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/MorningConsult\/status\/1545112662626840577?ref_src=twsrc%5Etfw\">July 7, 2022<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>The report has also noted that a rising share of Americans favoring heavier regulations on the cryptocurrency space. The portion of Americans that believe the market should be more strictly regulated increased from 17% in January to 21% in June.\u00a0<\/p>\n<p>\u00a0The report attributes the increased call for regulations to the \u201ccurrent environment of heightened volatility\u201d stemming from the collapse of the Terra ecosystem and Janet Yellen addressing the risks associated with that event.<\/p>\n<p>The report, titled \u2018The Crypto Report: Our Analysts on the State of Cryptocurrency\u2019 draws the data from three surveys. Two of the surveys were conducted on 2,200 to 4,400 and 6,000 U.S. adults respectively. The third was conducted monthly in 15 to 17 different countries and again from June 1-7, 2022 on 1,000 adults per country.<\/p>\n<p><template data-name=\"subscription_form\" data-type=\"markets_outlook\"><\/template><\/div>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. Follow us on\u00a0<span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMLG0nwswvr63Aw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\">For forums sites go to <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/forum.buradabiliyorum.com\/\" target=\"_blank\" rel=\"noopener\">Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong>\n<\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">News<\/a> articles, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/general\/\" target=\"_blank\" rel=\"noopener\">General category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"https:\/\/cointelegraph.com\/news\/what-bear-market-consumer-confidence-higher-among-crypto-owners-than-normies\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8221; What bear market? Consumer confidence higher among crypto owners than normies &#8220; Consumer confidence is considerably higher among crypto owners than the average American adult, with crypto owners sitting 16.4 points higher on the consumer sentiment index.\u00a0 A July 7 report from research firm Morning Consult shows that although average United States (U.S.) adult&#8230;<\/p>\n","protected":false},"author":1,"featured_media":471817,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/images.cointelegraph.com\/images\/1200_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjItMDcvOTAzOWE3YTQtMDEwYS00Y2E4LTk1ODYtZDNmNGE0MWJkZDIxLmpwZw==.jpg","fifu_image_alt":"","footnotes":""},"categories":[1],"tags":[75566,77363,74355,70934],"class_list":["post-471816","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general","tag-report","tag-survey","tag-adoption","tag-regulation"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/471816","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=471816"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/471816\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/471817"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=471816"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=471816"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=471816"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}