Here’s the translation to American English:
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A recent study conducted by Criptan has highlighted the differences in cryptocurrency investment among the autonomous communities of Spain. The report, titled “The Cryptocurrency Investment Map in Spain,” reveals that the average investment at the national level is approximately 3,100 euros, a figure that varies significantly between regions.
Cantabria stands out as the community with the highest investment, reaching over 5,900 euros, followed by Extremadura with 5,406 euros, Navarra with 5,365 euros, and the Basque Country with 5,204 euros. In contrast, La Rioja sits at the opposite end with an average investment of only 2,300 euros, placing it among the communities with the lowest participation in this sector.
The study suggests that cryptocurrency investment is influenced by geographical factors. While Cantabria leads, communities such as the Region of Murcia, the Canary Islands, Galicia, and Asturias report investment figures that barely exceed 3,000 euros, reflecting a more limited interest in these digital assets.
Regarding the adoption of cryptocurrency funds, the Community of Madrid ranks as the top user, with a 21.3% adoption rate, although its average investment is around 4,300 euros. It is followed by the Valencian Community and Catalonia, which also show significant levels of adoption and a slight increase in average investment.
Bitcoin remains the favorite cryptocurrency among Spaniards, representing nearly 60% of their portfolios. However, its popularity varies from one community to another: in Aragón, 64.8% of investments are directed towards this cryptocurrency, while in Cantabria, this percentage drops to 42.6%.
Additionally, other cryptocurrencies like USDC have been gaining ground, especially in Castilla-La Mancha, where it makes up 43.1% of investors’ portfolios. In Navarra, nearly 40% of investors opt for the tokenized euro. On the other hand, Ethereum holds a low representation overall, but interest is higher in communities like Navarra and La Rioja.
Investment strategies differ significantly. 46.9% of investors in Spain choose to store their crypto assets in digital wallets, indicating a preference for security over profitability. In Cantabria, over 80% of investors seek to generate passive income, while in the Region of Murcia, the majority focus on asset preservation, with only 35.9% interested in achieving returns.
This analysis suggests that cryptocurrency investment in Spain is not only determined by economic factors but is also influenced by the unique demographic and cultural characteristics of each autonomous community.
Source: MiMub in Spanish
