48% of Brazilians want Bitcoin to be legalized By BTC Peers

0
20
© Reuters. Survey: 48% of Brazilians want Bitcoin to be legalized

A survey conducted by Sherlock Communications in conjunction with research platform Toluna has revealed that nearly half of Brazil’s population wants the government to adopt .

According to local news outlet Valor Investe, 48% of Brazilians appear to be pro-Bitcoin. While 31% of the respondents agreed to the idea of legalizing Bitcoin, 17% strongly agreed with it.

Apart from Brazilians, the study also polled people from Argentina, Colombia, Costa Rica, El Salvador, Venezuela, and Mexico. However, “Brazilians were the biggest supporters of recognizing Bitcoin in the region, with 56% supporting El Salvador’s approach and 48% saying they want Brazil to adopt it too.”

When asked about the status of cryptocurrencies in Brazil, 31% of those surveyed said there was some progress in the country, while 35% said the South American country is still lagging behind other countries.

Meanwhile, 23% of the respondents suggested that many more users will enjoy Bitcoin exposure in the future. Only 4% think there’s no future for that in Brazil.

The study further revealed that Brazilians invest in Bitcoin mainly to diversify their portfolios, with over half of those sampled doing so. 39% of Brazilians invest in Bitcoin for protection from inflation and economic instability, and 37% of respondents said they buy BTC and cryptocurrencies to keep up with technological trends.

Interestingly, out of the total number of people surveyed 92% knew about Bitcoin compared to only 31% that know about .

Continue reading on BTC Peers

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.