‘No Middle Ground’: Inside Colombia’s Race to Become A Major Regional Crypto Market

‘No Middle Ground’: Inside Colombia’s Race to Become A Major Regional Crypto Market


In March 2020, a 23-year-old Colombian going by Atlas started buying bitcoin. 

At the time, bitcoin was valued at around $4,500, still in the nascent stages of what would become a historic price run

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“I really didn’t know how to approach the situation. A person like me, I never had more than $2,000 in my life,” Atlas, who spoke on condition of pseudonymity, told CoinDesk.

As the price kept going up, Atlas said, his surprised father urged him to sell. Atlas held on and said he has managed to convince at least eight friends to invest in bitcoin as well. After the currency began trading above $30,000, Atlas started the process of taking out a mortgage on his family home to buy more. 

“I’ve been getting texts almost daily from young people, to be honest. And those young people talk to other

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