Part 5/8:
The demographic investing in cryptocurrencies is identified as being more politically engaged and largely centrist, which contradicts some prevailing notions observed in various cryptocurrency communities that tend to lean more conservative.
Interestingly, the study also indicates that 16% of Brazilians, roughly 25 million individuals over the age of 16, have either invested or dabbled in cryptocurrencies. Of these, 9.2% have done so exclusively through banks – a reflection of how financial institutions are serving as gateways for new investors into the crypto space.
Breakdown of Investment Preferences
For further context, the top investment choices among Brazilians include:
Savings accounts at 52%
Real estate at 31%
Cash at 25%
Investment funds at 19%