A current examine by main market analysis agency Roy Morgan reveals that greater than 1 million Australians now personal cryptocurrency. “The worth of all cryptocurrency holdings for individuals aged 50+ is round $7.6 billion,” the examine reveals.
Examine: Over 1 Million Australians Personal Cryptocurrency
Australian analysis agency Roy Morgan has performed a examine into cryptocurrency investments. The examine passed off between December 2021 and February this yr; the outcomes have been printed Tuesday.
Based in 1941, Roy Morgan described itself as Australia’s largest unbiased analysis firm with “an unparalleled fame for dependable, correct, significant, revealing market analysis.” It has places of work throughout Australia, in addition to in Indonesia, the U.Ok., and the U.S.
The agency detailed:
The newest Roy Morgan analysis into Australians’ investments reveals 5%, or over 1 million Australians aged 18+, now personal at the least one cryptocurrency.
The agency discovered that 69% of Australian cryptocurrency traders are males, and other people underneath 35 years usually tend to be cryptocurrency holders.
Michele Levine, CEO of Roy Morgan Analysis, commented: “This breakdown of the market means round 640,000 cryptocurrency traders, virtually 60% of the market, are aged underneath 35 in comparison with 430,000 aged 35+ (40% of the market).”
The examine additional reveals that “Australians aged 50+ have the biggest common cryptocurrency funding at a mean worth of round $56,200,” elaborating:
This dimension of common funding means the worth of all cryptocurrency holdings for individuals aged 50+ is round $7.6 billion — larger than every other age group and over 35% of the overall market.
One other firm that has estimated the variety of Australians investing in cryptocurrency is Triple A. “It’s estimated that 0.9 million individuals, 3.4% of the overall Australian inhabitants, at the moment personal at the least one type of cryptocurrency,” the corporate wrote.
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