Main Takeaways:-
- Investors said they hope that crypto will give them a high chance of making a “big” return on their investments.
- According to the new survey report, approximately half of the Brazilian investors have invested their money into crypto. Most of the people in Latin America are starting to adopt this.
- Approximately most of the survey participants said that they were turning to crypto in the chance of making “big” returns on their stakes.
Crypto Use Is Growing in Brazil
Locomotiva conducted a survey that was commissioned by the crypto exchange Binance, reported by the Portuguese-language media outlet Livecoins. According to the reports, interest in crypto assets has currently grown higher than requests for stocks, private pensions, government bonds, and even foreign currencies.
The research team said that they told 1,000 people aged between 25 and 45 with “investments in addition to cash savings.”
Crypto investments are equal in popularity with investment funds, as clearly shown by the current results. But the crypto boom surpasses high-interest-bearing digital wallets and unlisted bonds.
The data also shows that 55% of participants said they have made at least three kinds of investments, and the other 45% said that they have made “four or more kinds of investments.”
Liquidity a Draw
While most of the investors said that the expectation of “strong profits” had inspired them to buy crypto, others said they were interested in the crypto market’s “high liquidity.”
Others even now said they believed crypto provided “independence from the traditional financial system” and “secure transactions.” The researchers mentioned that crypto investment levels were significantly higher among men as well as people with advanced levels of education.
The authors also said that people who have a higher level of income and knowledge about investments also often choose crypto as an investment option. After another study by Datafolha and Paradigma Education, the research was completed shortly after, which found that 16% of Brazilians have invested in crypto.
According to the March survey by the crypto trading platform Bitso disclosed that the firm’s Latin American clientele had surged by 12% in 2024. The network said that 38% of its customers currently have holdings in a minimum of three crypto assets.
At the end of last month, the Brazilian Senate said that it was planning to organize a public forum on crypto laws.
Read also:- Fidelity Launches Crypto Trading for Retirement Accounts (IRAs), Expanding Access to Bitcoin
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