Brazil is Latin America’s most bitcoin-friendly country, according to a recent survey
according to new poll Local newspaper Globo reports that 48% of Brazilians want to make Bitcoin an official currency in the country, similar to El Salvador.
30% oppose this proposal, while 21% strongly oppose it.
The percentage of Brazilians who say they will not invest in cryptocurrency has dropped significantly from 33% in 2020 to just 12% in 2021. Security concerns, high volatility and lack of funds are cited as the top reasons.
as Reported by U.TodayBrazil became the second country in the world (after only Canada) to agree to launch a Bitcoin trading fund in March.
El Salvador, a small Central American country, took a pioneering step on September 7 by officially adopting bitcoin as a legal currency. However, the historic day has been tainted by major cryptocurrencies as well as some technical issues that the government-backed Chivo wallet has faced.
The crypto community expects El Salvador to be the first domino to fall on the cryptocurrency road.
Brazil has the highest share of those supporting big bitcoin gambling in tropical countries among other Latin American countries, such as Argentina, Colombia, Chile and Costa Rica.
Meanwhile, a A recent opinion poll Conducted by YouGov shows that 27% of Americans would support the adoption of Bitcoin as an official currency alongside the US dollar. As expected, millennials are the most crypto-friendly demographic.