Concerns over the crypto winter have not dampened investor interest in the industry. CoinDesk writes that this has been reported by Bank of America (BofA) analysts.

Results are based on interviews with 160 customers who attended a conference dedicated to the Web3 industry. Survey respondents expressed confidence that “blockchain technology and digital assets will not disappear.”

Some speakers recalled that the most innovative projects came from previous market downturns. The low points of the cycle are “possibly beneficial for the development of the ecosystem in the long run,” they added.

“Customer engagement continues to increase. The focus remains on the rapid development and disruptive nature of blockchain technology.”says report.

BofA believes regulatory clarity is critical to institutional and institutional access. Removing barriers will lead to mass adoption as consumer confidence in the industry grows. Currently, many participants refrain from active action until a comprehensive regulatory framework is in place.

The attendees of the conference concluded that after the first billion users attracted by products with digital assets, it will be necessary to improve the bridges between fiat and cryptocurrencies. It is also necessary to create a cryptonative ecosystem.

Experts concluded that Web3 “has the potential to transform any industry.”

Recall that the full version of the bipartisan bill on regulation of the crypto industry was presented in the US Senate.

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