Approximately half of the Brazilian investors have invested their money into crypto, driven by the hope of making big returns.
A survey conducted by Locomotiva revealed that interest in crypto assets in Brazil has surpassed requests for other investment options such as stocks and government bonds.
Investors are attracted to the crypto market due to its high liquidity, potential for independence from the traditional financial system, and secure transactions.
The survey also found that crypto investments are more popular among men, people with advanced education, higher income, and knowledge about investments.