A new study by Bitso, a cryptocurrency trading platform, found that 75% of Argentinians are aware of cryptocurrencies. However, many people are still wary of the volatility of these digital assets. The study surveyed 1,243 people throughout Argentina, including the capital Buenos Aires and all 23 provinces. Just over 15% of respondents said they did not know anything about cryptocurrencies, while 34% said they had heard of them and 45% said they knew what they were.
Young people in Argentina are more aware of cryptocurrencies than older generations, but this awareness does not seem to be translating into adoption. A study by Bitso found that 90% of people aged 16-29 know what cryptocurrencies are, but only 8.5% have high levels of confidence in the future of crypto. The researchers believe that this lack of confidence is due to the volatility of the market and the effects of the crypto winter.
according to a new study by Bitso, a cryptocurrency trading platform, crypto awareness levels in Argentina have risen to 75%. This means that over three quarters of Argentinians are aware of cryptocurrencies, even if they do not understand them or have never invested in them.
The study surveyed 1,243 people throughout Argentina, including the capital Buenos Aires and all 23 provinces.
However, the study also found that many Argentinians are still wary of cryptocurrencies. About 53% of the respondents said they had “little or no confidence in cryptocurrencies,” with only 8.5% saying they had either “total” or “high levels of confidence” in the future of crypto.
The researchers believe that these low levels of confidence are probably related to the volatility of cryptoassets and the effects of a prolonged crypto winter. However, they also noted that crypto awareness is still relatively new in Argentina, and that it is possible that confidence levels will increase as more people learn about cryptocurrencies and their potential benefits.
A May 2023 study conducted by Consenys and YouGov found that 91% of Argentinians have heard of cryptoassets. This is a significant increase from a 2020 study by the same organizations, which found that only 60% of Argentinians had heard of cryptoassets.
The May 2023 study also found that 35% of Argentinians have invested in cryptoassets, and that 60% of Argentinians believe that cryptoassets will be more widely adopted in the future.
The rising awareness of cryptoassets in Argentina is likely due to a number of factors, including the country’s economic instability and the increasing popularity of cryptoassets around the world.
Argentina has been struggling with economic instability for many years, and the peso has lost a significant amount of its value in recent years. This has led many Argentinians to look for alternative investments, and cryptoassets have become an increasingly attractive option.
The increasing popularity of cryptoassets around the world has also played a role in raising awareness of cryptoassets in Argentina. As more and more people around the world become aware of cryptoassets, and as the value of cryptoassets increases, more Argentinians are starting to learn about them and consider investing in them.
It is still too early to say how widespread adoption of cryptoassets will be in Argentina in the future. However, the rising awareness of cryptoassets in the country is a positive sign, and it suggests that cryptoassets could play a growing role in the Argentinian economy in the years to come.
According to a May survey, 33% of Argentinians either held or traded cryptoassets in the past. Inflation has been a problem in Argentina for many years, and some people have suggested that the country should adopt the US dollar or Bitcoin as its national currency. The peso has been in decline since 2018, and inflation is still rising.
