Brazil crypto investors outnumber stock investors by more than 2 to 1

Cryptocurrency investors in Brazil outnumber stock investors by about 2.7 times, with 17.2% of respondents saying they had invested in crypto versus 6.4% for stocks, Bitcoin.com reported, citing a survey by local research firms Paradigma and Datafolha. The survey of 2,004 people estimated Brazil has about 29 million crypto investors. Among investment vehicles, crypto ranked fifth behind savings, real estate, cash holdings and investment funds, while placing ahead of time deposits at banks at 15.1%, foreign currencies at 14% and gold at 9.8%. Among crypto investors, 83% said they bought or held crypto through banking apps, while 26% used self-custody wallets and 20% used exchanges. The survey was conducted across 137 Brazilian municipalities from May 11 to May 14.