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48% Of Brazilians Would Agree to Making Bitcoin The Official Currency

A poll from Sherlock Communications discovered that almost half of Brazilians would support making Bitcoin the national currency of the country.

48% of those surveyed would support Bitcoin as the currency of Brazil with 17% showing strong support and 31% moderate support. Just 21% opposed the idea with 9% rejecting it strongly and 12% rejecting it moderately. The rest of the 30% declared themselves to be indifferent.

The study was made via the online research platform Toluna and focused on crypto support in several countries in Latin America, such as Argentina, Brazil, Chile, Colombia, Costa Rica, El Salvador, Mexico, and Venezuela.

Brazilians were discovered to support the idea of Bitcoin as the national currency the most.

“Brazilians were the biggest advocates of crypto-recognition in the region, with 56% supporting El Salvador’s approach and 48% saying they want Brazil to adopt it as well.”

92% of respondents said they were familiar with the notion of Bitcoin, while Ethereum registered a score of only 31%. Litecoin came in third place with 30%.

39% of those who took part in the survey showed support for Bitcoin as it offers “protection against inflation and financial instability,” while 55% liked the idea of it in order to diversify their investments and 37% to follow tech trends.

“The El Salvador experiment could become a great reference for Latin American countries on how to incorporate blockchain and cryptocurrencies into their economies and generate well-being for their citizens.”

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