Despite this progress, the figures reveal that Portuguese investment in digital assets is only half the global average, highlighting a cautious attitude among the public towards crypto investments.
Currently, there are over 420 million crypto investors worldwide, which highlights a significant global interest in these digital assets. Data from Triple A suggested that crypto investments in Portugal should be higher and account for approximately 4.2% of the population, indicating the potential for further expansion.
When analyzing the data in terms of population percentage, the United Arab Emirates emerges as the frontrunner, with a remarkable 27.67% of its population holding crypto assets.
India, with around 103 million crypto investors, leads the way in terms of population percentage, with 7.10% of its citizens embracing digital assets. China follows closely behind, with 58 million investors representing 4.08% of the population. The United States boasts 44.95 million investors, accounting for an impressive 13.22% of its people.
Cryptocurrency has garnered attention due to several factors that attract individuals to invest in these digital assets. One of the primary appeals lies in the potential for significant financial gains. Crypto assets, such as Bitcoin and Ethereum, have witnessed substantial price appreciation over the years, allowing early adopters to accumulate substantial wealth.
Cryptocurrencies have also attracted a lot of investors given the greater financial inclusivity offered by these digital currencies, enabling individuals to engage in cross-border transactions without the need for traditional banking systems., with the decentralised nature of cryptocurrencies removing intermediaries and reducing transaction fees.
In Portugal, the crypto investment landscape has seen steady growth due to factors such as increased awareness, technological advancements, and growing acceptance of cryptocurrencies as a legitimate form of investment.
Nevertheless, the comparatively lower number of crypto investors in the country suggests an element of caution, or inaccessibility, among the Portuguese population, which would need to be addressed for investment figures to rise.