Is 2022 the best year to buy crypto? How do we know which coin will survive and which crypto projects to rise? What do you think about Energy Web Token?
Bank of America analyst Jason Kupferberg says the survey conducted at the beginning of June among 1,000 respondents in the US shows that approximately 900 indicated they intend to purchase crypto assets before the end of 2022.
According to the analyst, the number of crypto assets and exchanges is “too many” and is akin to the number of internet companies prior to the bursting of the dot-com bubble over two decades ago.
Kupferberg further says Bitcoin (BTC) has demonstrated a strong correlation with risk assets such as high-growth tech stocks. “[Bitcoin] seems [like] it`s been correlating pretty strongly with risk assets in general. For example, with high-growth tech stocks. Not surprising to see another leg down for crypto stocks and Bitcoin itself. ”