Analysis Shows More Than 1 Million Australians Own Cryptocurrency

A latest research study by primary market research company Roy Morgan reveals that more than 1 million Australians now have cryptocurrency. "The worth of all cryptocurrency holdings for people aged 50+ is around $7.6 billion," the research reveals.

Study: Over 1 Thousand Australians Own Cryptocurrency

Australian research company Roy Morgan has actually performed a research study into cryptocurrency financial investments. The study took place between December 2021 as well as February this year; the results were actually published Tuesday.

Established in 1941, Roy Morgan described itself as Australia's most extensive private research firm along with "an exceptional online reputation for reputable, accurate, meaningful, exposing market research." It possesses offices across Australia, in addition to in Indonesia, the U.K., as well as the U.S

. The firm specified:

The most up to date Roy Morgan analysis in to Australians' assets reveals 5%, or over 1 thousand Australians grown old 18+, now personal at least one cryptocurrency.

The firm found that 69% of Australian cryptocurrency capitalists are men, and folks under 35 years are very likely to be cryptocurrency holders.

Michele Levine, Chief Executive Officer of Roy Morgan Investigation, commented: "This breakdown of the market place means around 640,000 cryptocurrency capitalists, practically 60% of the market place, are aged under 35 matched up to 430,000 aged 35+ (40% of the market).".

Research Presents Greater Than 1 Million Australians Own Cryptocurrency.

The study even more reveals that "Australians aged fifty+ have the largest common cryptocurrency investment at an average worth of around $56,200," specifying:.

This size of typical assets indicates the value of all cryptocurrency holdings for folks aged fifty+ is around $7.6 billion-- greater than every other age as well as over 35% of the overall market.

One more company that has estimated the variety of Australians investing in cryptocurrency is Triple A. "It is determined that 0.9 thousand people, 3.4% of the total Australian population, presently own at least one kind of cryptocurrency," the firm composed.

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