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Analysis Exhibits Extra Than 1 Million Australians Personal Cryptocurrency – Featured Bitcoin Information

by BlaQue Crypto
April 15, 2022
in Crypto Updates
Reading Time: 3 mins read
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Research Shows More Than 1 Million Australians Own Cryptocurrency

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).”

Research Shows More Than 1 Million Australians Own Cryptocurrency

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.

What do you concentrate on Roy Morgan’s analysis on Australians’ crypto investments? Tell us within the feedback part beneath.

Kevin Helms

A scholar of Austrian Economics, Kevin discovered Bitcoin in 2011 and has been an evangelist ever since. His pursuits lie in Bitcoin safety, open-source techniques, community results and the intersection between economics and cryptography.

Picture Credit: Shutterstock, Pixabay, Wiki Commons

Disclaimer: This text is for informational functions solely. It’s not a direct supply or solicitation of a suggestion to purchase or promote, or a advice or endorsement of any merchandise, companies, or firms. Bitcoin.com doesn’t present funding, tax, authorized, or accounting recommendation. Neither the corporate nor the writer is accountable, instantly or not directly, for any injury or loss precipitated or alleged to be brought on by or in reference to the usage of or reliance on any content material, items or companies talked about on this article.

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