{"id":36993,"date":"2023-07-17T21:13:16","date_gmt":"2023-07-18T01:13:16","guid":{"rendered":"https:\/\/ifintechworld.com\/markets\/crypto\/argentina-crypto-awareness-hits-75-study\/"},"modified":"2023-07-17T21:13:18","modified_gmt":"2023-07-18T01:13:18","slug":"argentina-crypto-awareness-hits-75-study","status":"publish","type":"post","link":"https:\/\/ifintechworld.com\/?p=36993","title":{"rendered":"Argentina Crypto \u2018Awareness\u2019 Hits 75% \u2013 Study"},"content":{"rendered":"<div>\n<p>Argentina\u2019s crypto \u201cawareness\u201d levels have risen to 75%, a new study has found, although many citizens say they are still wary of token \u201cvolatility.\u201d<\/p>\n<p>Per Criptonoticias, the study was carried out by Bitso, one of the largest and busiest crypto trading platforms in the LATAM region.<\/p>\n<p>The exchange surveyed 1,243 people throughout the capital Buenos Aires and all 23 provinces of the country in mid-June this year.<\/p>\n<p>The researchers noted that just over 15% of respondents said they did not know anything about crypto.<\/p>\n<p>But over 34% of Argentinians said they had at least \u201cheard about\u201d crypto, with 45% saying they \u201cknow what cryptocurrencies are.\u201d<\/p>\n<p>Crypto \u201cawareness\u201d was highest among teenagers and people in their 20s: 90% of people aged 16-29 said they knew what crypto was, or were familiar with the ins and outs of trading coins.<\/p>\n<p>But this high level of crypto knowledge may not be translating into adoption, as the responses reportedly \u201cpoint to a high level of mistrust in the sector.\u201d<\/p>\n<p>About 53% of the respondents said they had \u201clittle or no confidence in cryptocurrencies,\u201d with only 8.5% saying they had either \u201ctotal\u201d or \u201chigh levels of confidence\u201d in the future of crypto.<\/p>\n<p>Bitso researchers claimed that these low levels of confidence were probably related to the volatility of cryptoassets and the effects of a prolonged crypto winter.<\/p>\n<h2>Argentina: Crypto \u2018Awareness\u2019 Rising Fast?<\/h2>\n<p>A May study conducted by Consenys and YouGov saw researchers speak to just over 1,000 Argentines aged 18-65.<\/p>\n<p>This study found that more than 90% of people in the nation have heard of cryptoassets.<\/p>\n<p>A third of respondents in the May survey said that they either held tokens at the time of the survey or had traded coins in the past.<\/p>\n<p>With inflation still on the rise in Argentina, some have suggested binning the fiat peso in favor of adopting the US dollar.<\/p>\n<p>But some have suggested doing away with dollarization plans in favor of Bitcoin (BTC) adoption.<\/p>\n<p>Inflation is not a new phenomenon in Argentina: The nation has been plagued by spiraling rates in the past two decades, but the peso has been in freefall since 2018.<\/p>\n<p>Regulators, meanwhile, have been accelerating plans to introduce stricter regulation of the crypto sector as adoption rises in the nation.<\/p>\n<\/p><\/div>\n<p>Read the full article <a href=\"https:\/\/cryptonews.com\/news\/argentinas-crypto-awareness-hits-75-study-finds.htm\" target=\"_blank\" rel=\"noopener\">here<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Argentina\u2019s crypto \u201cawareness\u201d levels have risen to 75%, a new study has found, although many citizens say they are still wary of token \u201cvolatility.\u201d Per Criptonoticias, the study was carried out by Bitso, one of the largest and busiest crypto trading platforms in the LATAM region. The exchange surveyed 1,243 people throughout the capital Buenos [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":36994,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[243],"tags":[83],"class_list":["post-36993","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-crypto","tag-featured"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v20.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Argentina Crypto \u2018Awareness\u2019 Hits 75% \u2013 Study | iFintechWorld<\/title>\n<meta name=\"description\" content=\"Argentina\u2019s crypto \u201cawareness\u201d levels have risen to 75%, a new study has found, although many citizens say they are still wary of token \u201cvolatility.\u201dPer\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link 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