1 million more Australians will buy crypto in the next 12 months

- Advertisement -

The annual Australian Cryptocurrency Survey is conducted by cryptocurrency exchange Swyftx.

Approx one million Australians will buy cryptocurrency first within next 12 months – bringing the total number of crypto holders in the country to more than five million — according to a newly released survey.

- Advertisement -

Swyftx's annual Australian crypto survey, conducted by research firm YouGov.

The survey asked questions with 2.609 Australians over the age of 18 at the beginning of July, with 7 people identified as holding crypto.

The report claims that The current “Crypto Winter” has seen around 2 trillion dollars the asset was wiped off the digital market last year.

According to the report, Australia will have one million new crypto holders by 2023, while at least a quarter Australians are planning to buy crypto in the next 12 months.

According to the survey, the lack of reasonable regulations is the biggest hindrance to investing in cryptocurrencies, along with a lack of knowledge about how cryptocurrencies work and the overall volatility of the market.

Former chief risk officer at Credit Suisse CK Zheng, who believes the next crypto bull run will be the result of “regulatory clarity” in the United States.


See more:

1/5 - (1 votes)
- Advertisement -

COMMENT

Please enter your comment
Please enter your name here

This website uses Akismet to limit spam. Find out how your comments are approved.

Maybe you are interested

Venezuelan money plummets by nearly 40%, crypto is part of the problem

Venezuela's currency, the bolivar, has lost almost 40% of its exchange rate against the US dollar in a month. Coin...

Bitcoin miners' wallet balances keep decreasing

On-chain data analyzed by Glassnode shows that balances on bitcoin miners' wallets have dropped...

CZ: Most governments understand crypto adoption will happen

Binance CEO Changpeng Zhao (CZ) Says Most Governments Know That Accepting Cryptocurrencies...

This could be the longest crypto winter in BTC history

On Saturday, members of the r/cryptocurrency forum discussed how the current downtrend market is a long winter...

Bank of England Starling Blocks Payments for Cryptocurrency Platforms

Starling Bank has informed its customers that the bank is no longer supporting remittances to money platforms...

Related posts

- Advertisement -