Survey Shows Crypto Adoption Grows in Australia

by in Cryptocurrency News

Australia crypto adoption

More people now own crypto in Australia. A 2021 survey by the Independent Reserve Cryptocurrency Index indicates that the number of Australians owning crypto grew to 28.8% from 18.4% in 2020. Over 2000 people participated in the survey.

Related: Government of Australia to Offer Blockchain Teams $6 M

The results show that 89% of investors profited.

26.6% of participants said they would acquire crypto if regulations get clearer. It's worth mentioning that there were major developments in this aspect this year.

The survey mentions that the biggest change was in November when the Commonwealth Bank of Australia (CBA) became the first bank in the country to offer customers to trade and hold crypto, immediately via the CommBank app.

In addition, the survey reveals that people are more aware of the industry. 91.2% of participants have heard about one crypto and BTC as a minimum.

BTC continues to be the most adopted crypto in the country. 21.1% of respondents own BTC, 11% own Ether. In 2020, owners of Ether were 5%. Next by adoption come XRP (5.7%), Cardano, and Dogecoin.

Trending: Smart Contracts Audits Startup Hexens Closed $4.2 M Seed Funding

Another interesting fact is that the percentage of women who hold crypto grew twice in 2021. The results of the survey show that Australians now are more positive about the future of the sphere. 32% of participants expected that the BTC price would exceed $100.000 by 2030.