The results of the first study on cryptocurrencies conducted in Mexico have been released. The study ranks the most popular digital assets according to 1,416 mobile phone users.

Bitcoin led as the best known, followed by Bitcoin Cash. After Brazil, Mexico is the second largest buyer of cryptocurrencies in Latin America.

The study, called MX18 Cryptometer, was conducted between May 22 and June 5, 2018 by research firm Psyma in collaboration with Fiinlab, the innovation laboratory of Gentera; Wisum, a direct survey platform for mobile phone users; and Bitso, Mexico’s largest Bitcoin exchange. Eighty percent of the participants were under the age of 40; 62.2% men and 37.8% women; 33.2% from Mexico City and the State of Mexico; 29.9% from other states; 21.5% from Jalisco and 15.4% from Nuevo León.

The purpose of the study is to increase general knowledge of Bitcoin and to generate more insight on how cryptocurrencies are providing a path to financial inclusion and a bridge to the new digital economy. Disclaimer: Opinions expressed at The Daily Hodl are not investment advice.

Investors should do their due diligence before making any high-risk investments in Bitcoin or cryptocurrency. Your transfers and trades are at your own risk. Read more from…

thumbnail courtesy of