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Brazilians Want Bitcoin (BTC) to Become an Official Currency in the Country

Zachary Pearce by Zachary Pearce
September 10, 2021
in Cryptocurrency
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Brazilians Want Bitcoin (BTC) to Become an Official Currency in the Country
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According to a poll shared by Brazilian newspaper Globo, 48% of Brazilians want Bitcoin (BTC) to be used officially, just like El Salvador.

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30% of the respondents do not agree with this idea. 21% strongly oppose the idea of ​​Bitcoin becoming official.

While the rate of Brazilians who stated that they would not invest in crypto assets was 33% in 2020, this rate has decreased to 12% in 2021. The reason for not investing is generally shown as volatility and security problems.

Brazil also approved a Bitcoin ETF in March. It is the second country to do this after Canada.

The number of Bitcoin supporters is increasing day by day in Latin American countries such as Argentina, Colombia, Chile, Brazil and Costa Rica.


Risk Disclosure: The articles and articles on Arover.net do not constitute investment advice. Bitcoin and cryptocurrencies are high-risk assets, and you should do your due diligence and do your own research before investing in these currencies.

Tags: BitcoinBraziliansBTCCountrycurrencyOfficial
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