According to survey results published by Morning Consult in the wake of FTX’s bankruptcy, US adults are expecting Bitcoin’s price to fall to $11,500 within the next six months. The price prediction represents a drop of close to $5,600 in expected price from just one month ago, and more than $15,500 from price predictions made at the beginning of 2022. 

Despite the drop in consumer confidence, more US adults surveyed expect crypto to be around in 10 years compared to those who see the industry going away. Crypto investors in particular were overwhelmingly in the camp that crypto will survive into the next decade. 

In addition, consumers were only slightly more hesitant to purchase crypto compared to polls prior to FTX’s collapse, with 21% of US adults saying they will buy crypto within the next month compared to 25% reporting the same in October.