Just 8% of Americans have a positive view of cryptocurrencies now, CNBC survey finds

After a bid of crypto-collapses, scandals and bankruptcies, Americans' views connected cryptocurrency person soured sharply, with the CNBC All-America Economic Survey uncovering a bulk favoring beardown regulation.

The survey shows 43% of the nationalist with a antagonistic presumption of cryptocurrencies, up from 25% successful March. The percent with a affirmative presumption plummeted to conscionable 8% from 19%, and those who are neutral fell astir successful fractional to 18% from 31%.

It's a melodramatic autumn for an concern that was touted arsenic its ain plus people and had a celebrated coming-out enactment connected the planetary signifier with aggregate Super Bowl ads and personage endorsements. That popularity attracted galore mean Americans to crypto and the survey shows 24% of the nationalist invested in, traded oregon utilized cryptocurrency successful the past, up from 16% successful March.

The survey of 800 Americans nationwide was conducted Nov. 26-30 and has a borderline of mistake of +/- 3.5%. (March results for crypto are from an NBC News survey.)

According to the survey, 42% of crypto investors present person a somewhat oregon precise antagonistic presumption of the asset, successful enactment with the 43% effect for each adults successful the survey. The main difference: 17% of crypto investors are "very negative" compared with 47% for non-crypto investors.

But it could inactive beryllium a occupation for crypto recovering its credibility since estimation looks to beryllium cardinal to its valuation.

"It's a 90% retail market, which means the sentiment of mom-and-pop investors truly matters,'' Brian Brook, the CEO of Bitfury, and the erstwhile comptroller of the currency, said astatine this week's CNBC Financial Advisor Summit. "And truthful erstwhile you work FTX stories connected the beforehand leafage of the Wall Street Journal, virtually each time for the past 30 days…what it does is for comparative caller entrants, they get scared. And truthful arsenic a result, liquidity is thinner than it would person been and people's willingness to put is lower."

Whether a responsive is invested successful crypto oregon not, they are apt to favour regulating it arsenic stringently arsenic stocks oregon bonds. The survey recovered 53% of the nationalist saying crypto should person the aforesaid oregon greater regularisation and oversight arsenic stocks and bonds, that includes 21% of each adults and 16% of crypto investors who privation much regulation.

Negative views connected crypto travel astatine the aforesaid clip arsenic the nationalist has soured connected stocks. Just 26% accidental present is simply a bully clip to put successful equities, down 2 points from past quarter's survey and the astir pessimistic level registered successful the 15-year past of the survey. 51% accidental it's a atrocious clip to invest, the 3rd highest successful the survey's history, bested lone by the downbeat results of the anterior 2 surveys.

(You tin presumption the afloat survey here.)