Mathisen Marketing

Your Marketing Blog

Cryptocurrency Rose Ranks in Popularity as Investment Option in Chile in 2022 – Finance Bitcoin News

chile investments crypto

As an affiliate, we may earn from qualifying purchases. We get commissions for purchases made through links on this website.

Receive $10 in Bitcoin when you buy or sell $100 or more on Coinbase!

The popularity of cryptocurrencies increased in Chile, according to a study conducted by the international consulting company Bain & Company. The study found that crypto is the third most popular investment for Chileans, only after the most popular investment option, mutual funds, and second-ranked real estate.

Crypto became popular in Chile in 2022

Latam countries affected by high devaluation and inflation have started to switch to crypto as an investment option. In Chile, which is among the top five countries with the worst inflation in the region, crypto has emerged as the most popular investment option among all the options on the market.

The results come from a survey by Boston-headquartered international consulting firm Bain & Company, which inquired about the country’s most interesting investment options in 2022. 23% of respondents answered that crypto was their top investment choice. in 2022, putting it in third place among all options.

Investment funds ranked first in the survey, and 36% of respondents chose this as their first investment option. 24% of the respondents answered that they invested in real estate.

Why crypto is becoming more popular

The reasons behind the results have to do with how investors view crypto and its potential returns, although 2022 was not a good year for the industry, with the collapse of Terra and the bankruptcy of FTX being two particularly impactful events. Regarding this perception, Marcial Rapela, a partner at Bain Chile, said:

This number is the same as the trend we have seen recently where digital currencies have become increasingly popular due to their high returns in certain situations.

However, most still choose traditional investment options because of the limited volatility and associated risk. However, crypto was significantly more popular than other established options, such as stocks and bonds, which received 21% and 19% recommendation respectively.

Chile has taken steps to give cryptocurrency investors regulatory clarity. The country passed a fintech law in October, which analysts believe will attract more investment in the cryptocurrency industry in the future. Additionally, after years of battles with private banks, cryptocurrency exchanges can now open bank accounts in the country. Buda, a national exchange, was the first to do so and opened the doors to others.

What do you think about the growth of crypto in Chile as an investment tool? Let us know in the comments section below.

Sergio Goschenko

Sergio is a cryptocurrency provider in Venezuela. He describes himself as a late-game entry into the cryptosphere when the price surge occurred in December 2017. Having a background in computer technology, living in Venezuela, and having an impact on the societal level of the cryptocurrency boom, he offers a different perspective. about crypto success and how it helps the unbanked and underserved.

The authors of the picture: Shutterstock, Pixabay, Wiki Commons

Disclaimer: This article is for information only. It is not a direct offer or solicitation of an offer to buy or sell, or an endorsement or endorsement of any product, service or company. does not provide investment, tax, legal or accounting advice. Neither the company nor the author shall be liable, directly or indirectly, for any damages or losses caused or alleged to be caused by or in connection with the use of or reliance on the content, goods or services mentioned in this article.

Receive $10 in Bitcoin when you buy or sell $100 or more on Coinbase!

Source link

Leave a Reply

Your email address will not be published. Required fields are marked *

Latest Posts

  • SOL Price (Solana) Signals Short-Term Top, Here Are Key Supports To Watch

    SOL Price (Solana) Signals Short-Term Top, Here Are Key Supports To Watch

    Receive $10 in Bitcoin when you buy or sell $100 or more on Coinbase! SOL Price (Solana) Signals Short-Term Top, Here Are Key Supports To Watch The price of SOL, the native cryptocurrency of the Solana blockchain, has been on a tear in recent months, reaching new all-time highs and gaining attention from investors…

    Read More

  • Why Are NFTs Bad? The Problem And Legal Issues

    Receive $10 in Bitcoin when you buy or sell $100 or more on Coinbase! Non-fungible tokens (NFTs) have surged in popularity in recent years, with digital assets and artworks being sold for millions of dollars. However, the rise of NFTs has also brought about a slew of legal and ethical issues, leading many to…

    Read More

  • Whats With All The Mysterious Cryptocurrency Deaths

    Whats With All The Mysterious Cryptocurrency Deaths

    Receive $10 in Bitcoin when you buy or sell $100 or more on Coinbase! In recent years, the world of cryptocurrency has been rocked by a series of mysterious deaths that have left many people wondering what is really going on. From high-profile figures in the industry to regular individuals who have invested in…

    Read More