/cdn.vox-cdn.com/uploads/chorus_asset/file/24016885/STK093_Google_04.jpg)
/cdn.vox-cdn.com/uploads/chorus_asset/file/24808816/Starfield__The_Settled_Systems___Supra_Et_Ultra_____Starfield__The_Settled_Systems___Supra_Et_Ultra_2023_7_25_94252.263_1440p_streamshot.png)
The latest ASX Australian Investor Study estimates that around 15% of Australians have invested some of their wealth in cryptocurrencies. This figure is somewhat similar to the 17% registered during the bull market in 2021.
The research further showed that young Australians are more inclined towards the industry, with 31% being HODLers.
The latest trends in ‘The Land Down Under’
According to AnalysisRoughly one in seven Australians has entered the cryptocurrency market, with men (69%) making up the bulk of investors. Most individuals have spent between $340 and $3,400 on digital currencies, while only 10% have invested more than $67,000.
A closer look at the various demographic groups reveals that the youth are more interested in the market than the older generations. Of so-called “next-generation investors,” 31%, or those with an average age of 21, have bought bitcoin or altcoins.
The company conducting the study believes that young individuals are “more risk-averse than their older counterparts”, which is why they are more likely to tolerate crypto’s volatility and enter its ecosystem .
“Most understand the cyclical nature of investing, with 29% saying a 20% drop in their portfolio balance is a risk they understand could happen and another 36% saying if it happened, they would be worried but Will wait to see if the situation improves,” the ASX said.
It added that the “next generation of investors” are excited about new technologies and sometimes want to get into the things their parents avoided.
High net worth investors (HVIs) also find the sector attractive. 33% own digital currencies, while their average investment is around $88,000.
The overall figures for the next study could rise if “interested investors” (about 1.33 million people) decide to jump on the bandwagon. That portion represents those who have not made any investments but are considering doing so in the next 12 months. 29% of them admitted that they would choose cryptocurrencies over all other options.
Investing in shares and real estate is the most common option for Australians. Term deposits, ETFs and international stocks round out the top 5, while crypto is at the sixth position.
previous year marks
The ongoing uncertainty in the crypto market seems to have caused a serious investor outflow among Australians since independent research estimated Over 25% of locals were HODLers in November 2022.
Similar to the ASX, last year’s analysis determined that young people are more likely to have purchased digital assets. In comparison, only 10 per cent of people above 65 have done so.
Crypto awareness was at an all-time high, with around 90% knowing about the existence of bitcoin. About 43% had some knowledge of Ethereum (ETH), while Tether (USDT), Dogecoin (DOGE), Ripple (XRP), Solana (SOL) and Cardano (ADA) were also popular.
Binance Free $100 (Exclusive): Use this link to register and get $100 free and 10% off on Binance Futures for the first month. (terms).
PrimeXBT SPECIAL OFFER: Use this link to register and enter the code CRYPTOPOTATO50 to receive up to $7,000 on your deposit.
The latest ASX Australian Investor Study estimates that around 15% of Australians have invested some of their wealth in cryptocurrencies. This figure is somewhat similar to the 17% registered during the bull market in 2021.
The research further showed that young Australians are more inclined towards the industry, with 31% being HODLers.
The latest trends in ‘The Land Down Under’
According to AnalysisRoughly one in seven Australians has entered the cryptocurrency market, with men (69%) making up the bulk of investors. Most individuals have spent between $340 and $3,400 on digital currencies, while only 10% have invested more than $67,000.
A closer look at the various demographic groups reveals that the youth are more interested in the market than the older generations. Of so-called “next-generation investors,” 31%, or those with an average age of 21, have bought bitcoin or altcoins.
The company conducting the study believes that young individuals are “more risk-averse than their older counterparts”, which is why they are more likely to tolerate crypto’s volatility and enter its ecosystem .
“Most understand the cyclical nature of investing, with 29% saying a 20% drop in their portfolio balance is a risk they understand could happen and another 36% saying if it happened, they would be worried but Will wait to see if the situation improves,” the ASX said.
It added that the “next generation of investors” are excited about new technologies and sometimes want to get into the things their parents avoided.
High net worth investors (HVIs) also find the sector attractive. 33% own digital currencies, while their average investment is around $88,000.
The overall figures for the next study could rise if “interested investors” (about 1.33 million people) decide to jump on the bandwagon. That portion represents those who have not made any investments but are considering doing so in the next 12 months. 29% of them admitted that they would choose cryptocurrencies over all other options.
Investing in shares and real estate is the most common option for Australians. Term deposits, ETFs and international stocks round out the top 5, while crypto is at the sixth position.
previous year marks
The ongoing uncertainty in the crypto market seems to have caused a serious investor outflow among Australians since independent research estimated Over 25% of locals were HODLers in November 2022.
Similar to the ASX, last year’s analysis determined that young people are more likely to have purchased digital assets. In comparison, only 10 per cent of people above 65 have done so.
Crypto awareness was at an all-time high, with around 90% knowing about the existence of bitcoin. About 43% had some knowledge of Ethereum (ETH), while Tether (USDT), Dogecoin (DOGE), Ripple (XRP), Solana (SOL) and Cardano (ADA) were also popular.
Binance Free $100 (Exclusive): Use this link to register and get $100 free and 10% off on Binance Futures for the first month. (terms).
PrimeXBT SPECIAL OFFER: Use this link to register and enter the code CRYPTOPOTATO50 to receive up to $7,000 on your deposit.
