Crypto Market's 'Honeymoon Period' Fades as Ownership Declines

The crypto market's 'honeymoon period' is reportedly fading as ownership declines among investors. A new survey shows that two-thirds of investors, defined by Gallup as those with $10,000 or more in investable assets, are not interested in buying cryptocurrency.

This marks a slight increase from last year, but the trend is concerning for industry proponents who had hoped to see continued growth and adoption. Bitcoin's price has also taken a hit, trading at around $86,000 per coin this past week, down from its peak of over $120,000 last fall.

The survey results suggest that investors are becoming increasingly skeptical about the value and potential of cryptocurrency, which could have significant implications for the market's future trajectory. However, it is worth noting that a small but growing number of investors remain optimistic about the long-term prospects of crypto.