Brazilians Invest Between 7% and 35% of Their Assets in Crypto – Survey

More Brazilians invest, trade, or hold Bitcoin and altcoins than ever before, a survey conducted by the nation’s top regulator found, with investors spending between 7% and 35% of their money on tokens.

The Brazilian media outlet Livecoins reported that the survey was conducted by the Securities and Exchange Commission (CVM) and made public on December 17.

Brazilians Invest: 7%-35% of Investors Choosing Crypto, Bitcoin Survey Finds

The regulator conducted its research in 2023. It spoke to “more than” 700 people about their investment behavior.

The regulator asked respondents to classify themselves as “conservative,” “moderate,” or “bold” investors.

On average, those in the former group said they hold 7.25% of their savings in crypto wallets.

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“Moderate” investors, meanwhile, said that 21% of the “financial products” they used were cryptoassets.

The most bullish of all those interviewed – those calling themselves “bold” – said that up to 35% of their portfolios were made up of crypto.

Interestingly, around 50% of all those interviews said they were “bold” investors. This suggests that the majority of Brazilian investors are crypto-keen.

The “conservative” investors said that over 50% of their portfolios were made up of “CDB and RDBs,” types of fixed-income securities that differ in liquidity and availability.

They also favor public securities, with a smaller number of the same group opting for overseas currencies.

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Stock Market Still King?

Among “modest” investors, the majority favored stock market investment and other instruments such as conventional exchange-traded funds (ETFs).

Stock market trading was by far the preferred form of investment for the “bold” investors, too. Over 90% of this group said their portfolios contained shares.

The regulator said that it aims to “foster financial education” and forge an “increasingly democratic, transparent, and inclusive capital market.” It added:

“The CVM aims to equip investors with the skills and abilities to make investment decisions in a safe and thoughtful manner. This survey highlights the fact that Brazilians seek knowledge on the subject [of investment] every year. We are resolute in our desire to help them on their journey by providing financial education.”

The regulator has been proactive with approvals for both Bitcoin spot ETFs and altcoin ETFs. In August this year, it became the first body of its kind in the world to approve a Solana-based ETF.