Cryptocurrencies rose in popularity in Chile, according to a survey from global consulting firm Bain & Company. The survey found that crypto is ranked as the third most popular investment asset among Chileans, only behind investment funds, which were the most popular investment option, and real estate, which ranked second.Countries in Latam that have been affected by high devaluation and inflation rates are starting to turn to crypto as an investment option.
Investment funds took first place in the survey, with 36% of the polled having chosen this as their first investment option. 24% of the people polled answered having invested in real estate.The reasons behind the results have to do with how investors see crypto and its possible returns, even when 2022 was not a good year for the industry, having faced the demise of Terra and the bankruptcy of FTX, two particularly impactful events.
This figure coincides with the trend that we have seen in recent times, where digital currencies have become increasingly popular given their high levels of return on certain occasions. However, most still choose traditional investment options due to their limited volatility and associated risk. Still, crypto was considerably more popular than other established options like stocks and bonds, which got 21% and 19% of preference, respectively.
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Bitcoin is hope
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