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A survey by Sherlock Communications via the Toluna research platform found that 48% of Brazilians believe their country should embrace bitcoin, with 31% agreeing and 17% strongly agreeing with the idea, local media reported. Value invests. Besides Brazilians, the study also interviewed people from Argentina, Colombia, Costa Rica, El Salvador, Venezuela and Mexico.
“Brazilians were the biggest supporters of bitcoin recognition in the region, with 56% supporting El Salvador’s approach and 48% saying they wanted Brazil to adopt it as well,” the study said. .
When asked about the prospects for cryptocurrency in Brazil, 31% of those polled said they see progress in the country, while 35% said the South American country still lags behind. to other countries. Additionally, 23% of those polled said there will be many more Bitcoin users in the future, and only 4% believe there is no future for it in Brazil.
The study found that Brazilians invest in Bitcoin primarily as an investment diversification, with around 55% of respondents doing so. Protection against inflation and economic instability came second, amassing 39% of Brazilians. On the other hand, 37% of respondents said they buy BTC and cryptocurrencies to keep up with technology trends, and 92% of respondents are familiar with Bitcoin. – against only 31% who know Ethereum.
Bitcoin exchange-traded funds in Brazil “allow people to invest (…) as well as 21 BTC ATMs.
According to Luiz Eduardo Abreu Haddad, consultant for Sherlock, the bitcoin market continues to grow in Latin America – a trend, he said, should continue in the years to come.
“In Brazil, more favorable regulation has attracted institutional investors and companies to the sector,” he said. “El Salvador’s experience could become a great benchmark for Latin American countries on how to integrate blockchain and cryptocurrencies into their economies and generate greater well-being for its citizens.”
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