Survey: Almost Three out of Four Argentinians Are Willing to Purchase Crypto for Investing or Saving Purposes
A new survey, whose results were released earlier this week, has given more insight into how Argentinians view cryptocurrencies and how they might put them to use. The survey found out that eventually, almost three out of four citizens would purchase cryptocurrency to invest, or as a way of preserving buying power. Argentinians Familiar With Crypto
A survey whose results were released on May 4, offers a clear panorama of the popularity of crypto in Argentina, and how Argentinians might be capable of using crypto for different purposes. The survey, which was carried out by Opinaia y Muchnik, two consulting offices, asked several crypto-related questions to a sample of 2,400 Argentinian citizens from all around the country, living at different economic levels.
On the issue of crypto popularity, the survey found that 90% of the citizens consulted had heard about cryptocurrencies before the survey. However, this popularity does not lead to operating with crypto directly. The survey also reported that only 38% have knowledge about the operation and the inner workings of crypto assets.
However, Argentinians are willing to use crypto in different ways if they have to. 74% of the surveyed stated they would buy and use cryptocurrencies either as investment assets or just to save part of their purchasing power. State of Crypto in Argentina
The study dwelled on how citizens trusted cryptocurrencies when compared to other investment assets, such as stocks and bonds. In this sense, cryptocurrencies fared in the middle, below classic instruments such as the dollar, but over other instruments. Guido Moscoso, public opinion manager at Opinaia, summarized:
Cryptocurrencies have an average level of trust, similar to that of an investment fund or shares, but below more classic or entrenched forms such as the dollar, the fixed term, or Mercado Pago. But yes, they are well above the confidence put on bonds.
The survey, according to Moscoco, is a sign of the times, when Argentinians are very worried about the economic climate in the country and are studying different ways of saving their money in a highly inflationary environment. But he also explained that this interest is blocked by the high knowledge barrier that the average citizen faces when trying to enter the cryptocurrency world. Of the 74% of Argentinians that would be willing to purchase crypto assets, 49% stated that they would purchase them, but they don’t know how to do it. Tags in this story Argentina, argentinians, Cryptocurrency, Muchnik, Opinaia, Survey
What do you think about the latest survey about cryptocurrency popularity and usage in Argentina? Tell us in the comments section below. Sergio Goschenko
Sergio is a cryptocurrency journalist based in Venezuela. He describes himself as late to the game, entering the cryptosphere when the price rise happened during December 2017. Having a computer engineering background, living in Venezuela, and being impacted by the cryptocurrency boom at a social level, he offers a different point of view about crypto success and how it helps the unbanked and underserved. Uganda Central Bank Tells Licensed Entities to Stop Facilitating Crypto Transactions EMERGING MARKETS | 4 days ago Nigerian Agencies Told to Stop "Demonizing" Crypto Industry Players EMERGING MARKETS | Apr 20, 2022
Image Credits: Shutterstock, Pixabay, Wiki Commons Previous articleTurkey’s Inflation Rate Surges to 70%, Monthly Rate of Change Now 7.25% Next articleBitcoin, Ethereum Technical Analysis: ETH Remains Close to 6-Week Low to Start the Weekend Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article. Read disclaimerShow comments More Popular NewsIn Case You Missed ItOman to Incorporate Real Estate Tokenization in Virtual Assets Regulatory Framework
Real estate tokenization is set to be incorporated into Oman Capital Markets Authority (OCMA)"s virtual asset regulatory framework. According to an advisor with the authority, the tokenizing of real estate will open investment opportunities for local and foreign investors. Real ... read more.Draft Law Regulating Aspects of Crypto Taxation Submitted to Russian Parliament Privacy-Centric Monero Plans for July Hard Fork, Plans Include Ring Signature, Bulletproof Upgrade Digital Ruble ‘Much Needed,’ Russia’s Central Bank Says, Won’t Delay Testing Microbt Reveals Latest Bitcoin Mining Rigs — Machines Produce up to 126 TH/s With Custom 5nm Chip Design