Bank of America notes investor interest in the industry amid crypto winter

Concerns about the crypto winter have not cooled investor interest in the sector. Bank of America (BofA) analysts said this, according to CoinDesk.

The findings are based on discussions with 160 clients who attended a Web3-industry conference. Respondents expressed confidence that “blockchain technology and digital assets will not disappear.”

Some speakers noted that the most innovative projects emerged during previous downturns. The troughs of the cycle are “likely to be beneficial for the development of the ecosystem in the long term,” they added.

“Client engagement continues to rise. The focus remains on the rapid development and disruptive nature of blockchain technology”, according to the report.

Bank of America (BofA) believes that regulatory clarity is crucial for corporate and institutional adoption. Removing barriers will lead to mass adoption as consumer trust in the sector grows. At present, many participants are refraining from active action until a comprehensive regulatory framework is established.

Conference participants concluded that after reaching one billion users through products with digital assets, bridges between fiat and crypto will need to be improved. There is also a need to create a crypto-native ecosystem.

Web3 has “the potential to transform any industry,” the experts concluded.

As reported in the Senate, the full version of a bipartisan bill regulating the crypto industry was introduced.

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