A latest examine by main market analysis agency Roy Morgan exhibits 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 exhibits.
Examine: Over 1 Million Australians Personal Cryptocurrency
Australian analysis agency Roy Morgan has carried out a examine into cryptocurrency investments. The examine occurred between December 2021 and February this yr; the outcomes have been revealed Tuesday.
Based in 1941, Roy Morgan described itself as Australia’s largest unbiased analysis firm with “an unparalleled status for dependable, correct, significant, revealing market analysis.” It has workplaces throughout Australia, in addition to in Indonesia, the U.Ok., and the U.S.
The agency detailed:
The most recent Roy Morgan analysis into Australians’ investments exhibits 5%, or over 1 million Australians aged 18+, now personal no less than one cryptocurrency.
The agency discovered that 69% of Australian cryptocurrency traders are males, and folks below 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 below 35 in comparison with 430,000 aged 35+ (40% of the market).”
The examine additional exhibits that “Australians aged 50+ have the biggest common cryptocurrency funding at a mean worth of round $56,200,” elaborating:
This measurement of common funding means the worth of all cryptocurrency holdings for individuals aged 50+ is round $7.6 billion — greater 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 no less than one type of cryptocurrency,” the corporate wrote.
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