A recent poll showed that over 30% of Latinos are interested in investing in cryptocurrency to increase their wealth, or at least maintain its value during times of economic uncertainty. The study involved polling over 2,200 people in Argentina, Brazil, Colombia and Mexico to understand their attitudes towards cryptocurrencies and other digital assets.
Overall, 31% to 39% of respondents in the four participating countries said they were "much more interested" in investing in bitcoins after experiencing the effects of the COVID-19 pandemic. However, most people do not invest in bitcoins or any other cryptocurrency because they lack knowledge of digital assets.
The political and financial situation in Latin America is ideal not only for bitcoin and other types of cryptocurrencies, but also for the growth of decentralized applications. Colombia, Peru, Chile and Brazil are already experimenting with blockchain-based solutions to optimize their administrative system, making it resistant to corruption. Venezuela and Colombia are leading the world, along with Russia, in terms of trade and P2P adoption.