HomeCoinsLitecoin (LTC)More Aussies invest in cryptocurrency than in gold and silver: Survey

More Aussies invest in cryptocurrency than in gold and silver: Survey

- Advertisement -

More Aussies invest in cryptocurrency than in gold and silver

A survey of more than 2000 Australian investors has found that cryptocurrency is a more popular investment than gold and silver — but it still has a long way to go to catch up to shares.

The poll, conducted on behalf of BTC Markets over the month of February, found that 12.6% of Aussie investors hold Bitcoin or other cryptocurrencies, compared to 12.1% who hold precious metals.

However, the stock market is by far the preferred in option for investors, with 63.6% holding shares directly and 28.8% investing in either exchange-traded funds or managed funds. Property is also a popular investment (25.8%), while 18.8% said they invested in “collectibles”.

Australian crypto investors heavily favor Bitcoin and Ethereum, with 83.2% holding Bitcoin and 42% holding Ethereum, followed by Ripple with 28.5%, Litecoin with 18%, and Bitcoin cash with 12%.

The research revealed that almost one-third of the cryptocurrency investors made their first investment after the COVID-19 induced market crash of March 2020. This research is backed up by another poll from October 2020, which revealed that 39% of respondents had found Bitcoin more appealing after the pandemic began.

Despite many cryptocurrencies rallying to all-time highs in recent months, 51% of Aussie investors stated they had no intention of selling their crypto soon, with 31% planning to exit after at least three years of holding. Of the 49% who are looking to sell or take profits, one in five investors intend to reinvest the capital back into crypto.

The largest demographic of Aussie crypto investors (36.3%) in the survey were aged between 25-34 with, followed by those aged between 35-44 at 30.1%. Men accounted for 63% of all crypto investors, and one in four earned an income of more than $100,000 per year.

BTC Markets CEO Caroline Bowler noted that an increasing number of older Australians are investing in crypto, with investors 60-plus doubling in number over the past couple of years to make up 10% of the client base:

“In the last 12 months, we have seen a shift from 25-45-year-old males to a much broader age group, particularly early retirees who are interested in diversifying their investment portfolio and are catching up with this fastest-growing asset class.”

The research is broadly in line with other polls, including one in December that found almost one in five Australian adults owned crypto in 2020.

Source link

- Advertisement -
Mr Bitcointe
Mr Bitcointehttps://www.bitcointe.com/
“Fact You Need To Know About Cryptocurrency - The first Bitcoin purchase was for pizza.” ― Mohsin Jameel
472FansLike
76FollowersFollow
4,567FollowersFollow
5,261FollowersFollow
1,265FollowersFollow
2,230SubscribersSubscribe

Most Popular

bitcoin
Bitcoin (BTC) $ 64,539.00
ethereum
Ethereum (ETH) $ 2,383.08
tether
Tether (USDT) $ 1.00
bitcoin-cash
Bitcoin Cash (BCH) $ 816.21
litecoin
Litecoin (LTC) $ 277.97
eos
EOS (EOS) $ 7.92
okb
OKB (OKB) $ 21.70
tezos
Tezos (XTZ) $ 6.85
leo-token
LEO Token (LEO) $ 2.14
cardano
Cardano (ADA) $ 1.54
monero
Monero (XMR) $ 329.58
stellar
Stellar (XLM) $ 0.676640
chainlink
Chainlink (LINK) $ 37.41
huobi-token
Huobi Token (HT) $ 21.08
tron
TRON (TRX) $ 0.152365
usd-coin
USD Coin (USDC) $ 1.00
dash
Dash (DASH) $ 315.53
neo
NEO (NEO) $ 69.80
iota
IOTA (MIOTA) $ 2.16
nem
NEM (XEM) $ 0.433406
zcash
Zcash (ZEC) $ 233.19
maker
Maker (MKR) $ 2,582.53
paxos-standard
Paxos Standard (PAX) $ 1.00
ethereum-classic
Ethereum Classic (ETC) $ 22.08
vechain
VeChain (VET) $ 0.173164
true-usd
TrueUSD (TUSD) $ 1.00
ftx-token
FTX Token (FTT) $ 57.55
kucoin-shares
KuCoin Token (KCS) $ 17.47
waves
Waves (WAVES) $ 15.62