TechFlow news, on December 20, according to Cryptonews, a survey conducted by Brazil's top regulatory authority found that more Brazilians are investing in, trading, or holding Bitcoin and altcoins than ever before, with investors allocating between 7% and 35% of their funds to tokens.
The regulator asked respondents to classify themselves as "conservative," "moderate," or "aggressive" investors. On average, the first group reported holding 7.25% of their savings in cryptocurrency wallets.
"Moderate" investors stated that 21% of their "financial products" consist of crypto assets. "Aggressive" investors said up to 35% of their portfolios are made up of cryptocurrencies.
Interestingly, about 50% of all respondents identified themselves as "aggressive" investors.
