Merely 2.6% of Portugals own crypto assets, data shows

The number of Portuguese people investing in cryptocurrencies like bitcoin and ethereum has been gradually increasing, reaching around 268,000 individuals recently, according to Triple-A, a digital currency payment facilitator.

However, compared to the global population, the interest of the Portuguese public in crypto investments is only half as strong.

Crypto assets have gained much attention worldwide, with over 420 million crypto investors. Triple-A’s data shows that more Portuguese people would benefit from cryptocurrency investments if they had access to such opportunities.

When looking at the percentage of the population holding crypto assets, the United Arab Emirates stands out, with 27.67% of its people engaged in crypto holdings. In terms of absolute numbers, India has the highest number of crypto adopters, with 103 million individuals, accounting for 7.10% of its population. China follows with 58 million investors (4.08% of the population), and the United States has a significant 44.95 million investors, making up 13.22% of its population

Cryptocurrencies have attracted many individuals due to the potential for significant financial gains. Early adopters of bitcoin and ethereum have witnessed substantial price surges over time.

The decentralized nature of cryptocurrencies, which eliminates intermediaries and reduces transaction fees, has also attracted many investors. This allows for cross-border transactions without relying on traditional banking systems.

Increased public awareness, improved infrastructure, and growing acceptance of crypto assets have contributed to Portugal’s thriving crypto investment scene.

However, the relatively low number of crypto investors in Portugal may indicate hesitancy or difficulty in accessing these investments among the local population. Addressing these factors is vital to boost investment figures in the country.