In some countries, stock investors are reducing as many now invests more in CryptoCurrencies most especially Bitcoin.
Bitcoin critics try to attack the cryptocurrency from all angles, but one thing no one can deny is that BTC has now completely captured the attention of the masses.
In Brazil, Latin America’s largest economy there are already more than twice as many people invested in bitcoin as those who trade stocks, says a local report. The number of bitcoin investors in Brazil has already surpassed the total number of individuals registered on the São Paulo Stock Exchange (Brasil Bolsa Balcão S.A. or B3).
According to statistics, The country’s three biggest bitcoin exchanges had 1.4 million registered clients in December 2017. While only 619,000 registered individuals in B3 at the end of last year.
Another country is Indonesia where the central banks gave warning to the citizens to stay off Bitcoin. With this warning some Bitcoin investors pulled off at first but later reinvested
For example, below is a recent stats;
An Indonesia Stock Exchange, which opened in 1912, is with 1.18 million registered participants according to data from the Indonesia Central Securities Depository. While The Indonesia Digital Asset Exchange (Indodax), founded in 2014 as Bitcoin.co.id, has 1,147,430 members already on board.
What can we learn from the fact that there are almost the same number of bitcoin investors and traditional stock traders in some countries? Drop your comments below.