Four million Aussies set to buy into crypto

New research has found about 4 million Australians are likely to purchase digital currencies in the next 12 months, including more than a third of Millennials, as a growing cohort views crypto assets as an alternative to an elusive investment property. A nationally representative survey of 1027 Australians by global researcher YouGov, commissioned by cryptocurrency exchange Kraken, found 21 per cent are readying to purchase digital tokens. The percentage increases to 34 per cent of Millennials and 32 per cent of Gen Z. Men (27 per cent) were found to be more likely than women (14 per cent) to purchase crypto in the next 12 months, while 40 per cent of investors who had sold off their crypto assets indicated they were likely to buy back into the market. The research found one in five Australians have owned cryptocurrency at some point, with 14 per cent currently holding an exposure in their portfolio – the same amount estimated by funds management giant Vanguard in May. Of those, almost 85 per cent indicated they intended to increase their exposure over the next year. On average, Australian crypto owners have 12.5 per cent of their total assets invested in cryptocurrencies, with the vast majority keeping their exposure below a quarter of their portfolio. One in 10 investors held more than 25 per cent of their assets in digital currencies. Wealthier Australians were more found to be more likely to own cryptocurrencies, with 47 per cent of respondents with household income in excess of $100,000 maintaining an exposure compared to 24 per cent of those with household income of $99,000 or below. Original full post on: https://ethones.blogspot.com Wallets: https://officiale.webs.com

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