{"id":49365,"date":"2023-08-16T21:20:08","date_gmt":"2023-08-17T01:20:08","guid":{"rendered":"https:\/\/ifintechworld.com\/markets\/crypto\/high-net-worth-chileans-growing-crypto-keen\/"},"modified":"2023-08-16T21:20:11","modified_gmt":"2023-08-17T01:20:11","slug":"high-net-worth-chileans-growing-crypto-keen","status":"publish","type":"post","link":"https:\/\/ifintechworld.com\/?p=49365","title":{"rendered":"\u2018High Net Worth\u2019 Chileans Growing Crypto Keen"},"content":{"rendered":"
\n

\u201cHigh-net-worth-individuals\u201d in Chile are growing increasingly keen on crypto investment, an expert has claimed.<\/p>\n

Per America Economia, the comments were made by Christopher Storaker, the CEO of Arch Finance, a crypto investment firm with a presence in the Latin American country.<\/p>\n

Storaker said:<\/p>\n

\n

\u201cWe have seen a growing interest [in crypto] from high-net-worth-individuals in Chile due to a significant change in the mentality of professional investors. [They] recognize the potential [tokens] have to diversify their investments and are taking advantage of the attributes of this technology.\u201d<\/p>\n<\/blockquote>\n

The company stated that it had noticed an uptick in the number of family offices that are taking an interest in crypto.<\/p>\n

The firm said that the number of family offices \u201cintending to make changes to their investment strategies or portfolio allocations\u201d doubled from 23% in 2020 to 46% in 2022.<\/p>\n

Storaker added:<\/p>\n

\n

\u201cWe conducted an analysis of traditional portfolios (60% stocks and 40% fixed income), which revealed that a minimal exposure to cryptoassets (of between 1% and 5%) can significantly benefit portfolio performance.\u201d<\/p>\n<\/blockquote>\n

He claimed that such exposure to crypto could boost family office portfolio returns by between \u201c6% to 12% per year depending on their level of exposure to crypto.\u201d<\/p>\n

The CEO added that the \u201cbase demand\u201d for crypto was currently \u201cexpanding\u201d as \u201cprofessional and sophisticated institutional players enter the market.\u201d<\/p>\n

Crypto: a New LATAM Crypto Player?<\/h2>\n

Crypto adoption appears to be rising in Chile.<\/p>\n

In March, Mercado Pago, the fintech wing of the crypto-keen LATAM e-commerce giant Mercado Libre, added crypto trading functions to its app in Chile.<\/p>\n

The Mercado Pago app allows Chilean users to buy and sell cryptoassets starting from 50 Chilean pesos (around $0.06).<\/p>\n

At the end of last year, Chilean President Gabriel Boric signed the nation\u2019s so-called \u201cFintech Law,\u201d a piece of legislation that grants cryptoassets a legal status as \u201cdigital financial assets.\u201d<\/p>\n

Buda, the nation\u2019s best-known crypto exchange, earlier this year praised the law and compared it favorably with US legislation.<\/p>\n

The platform said, per Diario Financiero,<\/p>\n

\n

\u201cUnlike the US, in Chile, the Fintech Law has provided clarity on the legality of exchange activities. It considers crypto assets to be financial instruments, which exchanges can offer their customers, so long as they comply with relevant obligations.\u201d<\/p>\n<\/blockquote>\n

\u00a0<\/p>\n

The trading platform suggested that the law had \u201cprovided a space for the growth and development of the crypto market.\u201d<\/p>\n

In 2021, a leading MP and opposition party leader admitted to owning Ethereum (ETH) tokens.<\/p>\n

And in March this year, the crypto exchange giant Bitfinex struck an investment deal with the Chile-based crypto player Orionx.<\/p>\n<\/p><\/div>\n

Read the full article here<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

\u201cHigh-net-worth-individuals\u201d in Chile are growing increasingly keen on crypto investment, an expert has claimed. Per America Economia, the comments were made by Christopher Storaker, the CEO of Arch Finance, a crypto investment firm with a presence in the Latin American country. Storaker said: \u201cWe have seen a growing interest [in crypto] from high-net-worth-individuals in Chile […]<\/p>\n","protected":false},"author":1,"featured_media":49366,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[243],"tags":[83],"class_list":["post-49365","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-crypto","tag-featured"],"yoast_head":"\n\u2018High Net Worth\u2019 Chileans Growing Crypto Keen | iFintechWorld<\/title>\n<meta name=\"description\" content=\"\u201cHigh-net-worth-individuals\u201d in Chile are growing increasingly keen on crypto investment, an expert has claimed.Per America Economia, the comments were\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/ifintechworld.com\/?p=49365\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"\u2018High Net Worth\u2019 Chileans Growing Crypto Keen | iFintechWorld\" \/>\n<meta property=\"og:description\" content=\"\u201cHigh-net-worth-individuals\u201d in Chile are growing increasingly keen on crypto investment, an expert has claimed.Per America Economia, the comments were\" \/>\n<meta property=\"og:url\" content=\"https:\/\/ifintechworld.com\/?p=49365\" \/>\n<meta property=\"og:site_name\" content=\"iFintechWorld\" \/>\n<meta property=\"article:published_time\" content=\"2023-08-17T01:20:08+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-08-17T01:20:11+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/08\/adobestock-433818109.jpeg\" \/>\n\t<meta property=\"og:image:width\" content=\"1500\" \/>\n\t<meta property=\"og:image:height\" content=\"1000\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"News Room\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"News Room\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/ifintechworld.com\/?p=49365#article\",\"isPartOf\":{\"@id\":\"https:\/\/ifintechworld.com\/?p=49365\"},\"author\":{\"name\":\"News Room\",\"@id\":\"https:\/\/ifintechworld.com\/#\/schema\/person\/6224724fd4116361255b179dc5c70b61\"},\"headline\":\"\u2018High Net Worth\u2019 Chileans Growing Crypto Keen\",\"datePublished\":\"2023-08-17T01:20:08+00:00\",\"dateModified\":\"2023-08-17T01:20:11+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/ifintechworld.com\/?p=49365\"},\"wordCount\":426,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\/\/ifintechworld.com\/#organization\"},\"keywords\":[\"Featured\"],\"articleSection\":[\"Crypto\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/ifintechworld.com\/?p=49365#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/ifintechworld.com\/?p=49365\",\"url\":\"https:\/\/ifintechworld.com\/?p=49365\",\"name\":\"\u2018High Net Worth\u2019 Chileans Growing Crypto Keen | iFintechWorld\",\"isPartOf\":{\"@id\":\"https:\/\/ifintechworld.com\/#website\"},\"datePublished\":\"2023-08-17T01:20:08+00:00\",\"dateModified\":\"2023-08-17T01:20:11+00:00\",\"description\":\"\u201cHigh-net-worth-individuals\u201d in Chile are growing increasingly keen on crypto investment, an expert has claimed.Per America Economia, the comments were\",\"breadcrumb\":{\"@id\":\"https:\/\/ifintechworld.com\/?p=49365#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/ifintechworld.com\/?p=49365\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/ifintechworld.com\/?p=49365#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/ifintechworld.com\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"\u2018High Net Worth\u2019 Chileans Growing Crypto Keen\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/ifintechworld.com\/#website\",\"url\":\"https:\/\/ifintechworld.com\/\",\"name\":\"Repay Down\",\"description\":\"Latest Personal Finance News, Tips and Updates\",\"publisher\":{\"@id\":\"https:\/\/ifintechworld.com\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/ifintechworld.com\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/ifintechworld.com\/#organization\",\"name\":\"Repay Down\",\"url\":\"https:\/\/ifintechworld.com\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/ifintechworld.com\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/rep-logo-dark.png\",\"contentUrl\":\"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/rep-logo-dark.png\",\"width\":558,\"height\":90,\"caption\":\"Repay Down\"},\"image\":{\"@id\":\"https:\/\/ifintechworld.com\/#\/schema\/logo\/image\/\"}},{\"@type\":\"Person\",\"@id\":\"https:\/\/ifintechworld.com\/#\/schema\/person\/6224724fd4116361255b179dc5c70b61\",\"name\":\"News Room\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/ifintechworld.com\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/avatar_user_1_1682606986-96x96.png\",\"contentUrl\":\"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/avatar_user_1_1682606986-96x96.png\",\"caption\":\"News Room\"},\"sameAs\":[\"https:\/\/ifintechworld.com\"],\"url\":\"https:\/\/ifintechworld.com\/?author=1\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"\u2018High Net Worth\u2019 Chileans Growing Crypto Keen | iFintechWorld","description":"\u201cHigh-net-worth-individuals\u201d in Chile are growing increasingly keen on crypto investment, an expert has claimed.Per America Economia, the comments were","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/ifintechworld.com\/?p=49365","og_locale":"en_US","og_type":"article","og_title":"\u2018High Net Worth\u2019 Chileans Growing Crypto Keen | iFintechWorld","og_description":"\u201cHigh-net-worth-individuals\u201d in Chile are growing increasingly keen on crypto investment, an expert has claimed.Per America Economia, the comments were","og_url":"https:\/\/ifintechworld.com\/?p=49365","og_site_name":"iFintechWorld","article_published_time":"2023-08-17T01:20:08+00:00","article_modified_time":"2023-08-17T01:20:11+00:00","og_image":[{"width":1500,"height":1000,"url":"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/08\/adobestock-433818109.jpeg","type":"image\/jpeg"}],"author":"News Room","twitter_card":"summary_large_image","twitter_misc":{"Written by":"News Room","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/ifintechworld.com\/?p=49365#article","isPartOf":{"@id":"https:\/\/ifintechworld.com\/?p=49365"},"author":{"name":"News Room","@id":"https:\/\/ifintechworld.com\/#\/schema\/person\/6224724fd4116361255b179dc5c70b61"},"headline":"\u2018High Net Worth\u2019 Chileans Growing Crypto Keen","datePublished":"2023-08-17T01:20:08+00:00","dateModified":"2023-08-17T01:20:11+00:00","mainEntityOfPage":{"@id":"https:\/\/ifintechworld.com\/?p=49365"},"wordCount":426,"commentCount":0,"publisher":{"@id":"https:\/\/ifintechworld.com\/#organization"},"keywords":["Featured"],"articleSection":["Crypto"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/ifintechworld.com\/?p=49365#respond"]}]},{"@type":"WebPage","@id":"https:\/\/ifintechworld.com\/?p=49365","url":"https:\/\/ifintechworld.com\/?p=49365","name":"\u2018High Net Worth\u2019 Chileans Growing Crypto Keen | iFintechWorld","isPartOf":{"@id":"https:\/\/ifintechworld.com\/#website"},"datePublished":"2023-08-17T01:20:08+00:00","dateModified":"2023-08-17T01:20:11+00:00","description":"\u201cHigh-net-worth-individuals\u201d in Chile are growing increasingly keen on crypto investment, an expert has claimed.Per America Economia, the comments were","breadcrumb":{"@id":"https:\/\/ifintechworld.com\/?p=49365#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/ifintechworld.com\/?p=49365"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/ifintechworld.com\/?p=49365#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/ifintechworld.com\/"},{"@type":"ListItem","position":2,"name":"\u2018High Net Worth\u2019 Chileans Growing Crypto Keen"}]},{"@type":"WebSite","@id":"https:\/\/ifintechworld.com\/#website","url":"https:\/\/ifintechworld.com\/","name":"Repay Down","description":"Latest Personal Finance News, Tips and Updates","publisher":{"@id":"https:\/\/ifintechworld.com\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/ifintechworld.com\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/ifintechworld.com\/#organization","name":"Repay Down","url":"https:\/\/ifintechworld.com\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/ifintechworld.com\/#\/schema\/logo\/image\/","url":"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/rep-logo-dark.png","contentUrl":"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/rep-logo-dark.png","width":558,"height":90,"caption":"Repay Down"},"image":{"@id":"https:\/\/ifintechworld.com\/#\/schema\/logo\/image\/"}},{"@type":"Person","@id":"https:\/\/ifintechworld.com\/#\/schema\/person\/6224724fd4116361255b179dc5c70b61","name":"News Room","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/ifintechworld.com\/#\/schema\/person\/image\/","url":"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/avatar_user_1_1682606986-96x96.png","contentUrl":"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/avatar_user_1_1682606986-96x96.png","caption":"News Room"},"sameAs":["https:\/\/ifintechworld.com"],"url":"https:\/\/ifintechworld.com\/?author=1"}]}},"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/ifintechworld.com\/index.php?rest_route=\/wp\/v2\/posts\/49365","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/ifintechworld.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ifintechworld.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ifintechworld.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/ifintechworld.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=49365"}],"version-history":[{"count":1,"href":"https:\/\/ifintechworld.com\/index.php?rest_route=\/wp\/v2\/posts\/49365\/revisions"}],"predecessor-version":[{"id":49367,"href":"https:\/\/ifintechworld.com\/index.php?rest_route=\/wp\/v2\/posts\/49365\/revisions\/49367"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ifintechworld.com\/index.php?rest_route=\/wp\/v2\/media\/49366"}],"wp:attachment":[{"href":"https:\/\/ifintechworld.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=49365"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ifintechworld.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=49365"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ifintechworld.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=49365"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}