Research Shows More Than 1 Million Australians Own Cryptocurrency

A caller survey by large marketplace probe steadfast Roy Morgan shows that much than 1 cardinal Australians present ain cryptocurrency. “The worth of each cryptocurrency holdings for radical aged 50+ is astir $7.6 billion,” the survey shows.

Study: Over 1 Million Australians Own Cryptocurrency

Australian probe steadfast Roy Morgan has conducted a survey into cryptocurrency investments. The survey took spot betwixt December 2021 and February this year; the results were published Tuesday.

Founded successful 1941, Roy Morgan described itself arsenic Australia’s largest autarkic probe institution with “an unparalleled estimation for reliable, accurate, meaningful, revealing marketplace research.” It has offices crossed Australia, arsenic good arsenic successful Indonesia, the U.K., and the U.S.

The steadfast detailed:

The latest Roy Morgan probe into Australians’ investments shows 5%, oregon implicit 1 cardinal Australians aged 18+, present ain astatine slightest 1 cryptocurrency.

The steadfast recovered that 69% of Australian cryptocurrency investors are men, and radical nether 35 years are much apt to beryllium cryptocurrency holders.

Michele Levine, CEO of Roy Morgan Research, commented: “This breakdown of the marketplace means astir 640,000 cryptocurrency investors, astir 60% of the market, are aged nether 35 compared to 430,000 aged 35+ (40% of the market).”

The survey further shows that “Australians aged 50+ person the largest mean cryptocurrency concern astatine an mean worth of astir $56,200,” elaborating:

This size of mean concern means the worth of each cryptocurrency holdings for radical aged 50+ is astir $7.6 cardinal — higher than immoderate different property radical and implicit 35% of the full market.

Another institution that has estimated the fig of Australians investing successful cryptocurrency is Triple A. “It is estimated that 0.9 cardinal people, 3.4% of the full Australian population, presently ain astatine slightest 1 signifier of cryptocurrency,” the institution wrote.

What bash you deliberation astir Roy Morgan’s probe connected Australians’ crypto investments? Let america cognize successful the comments conception below.

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