In its 4th challenge, the Unbiased Reserve Cryptocurrency Index (IRCI) 2022 studied over 2,000 Australians to gauge their angle in the direction of digital property. The examine discovered 92% of Australians knew about cryptocurrencies, with 25.6% of them having owned a digital coin
Whereas the pattern comprised solely 2,000 individuals, the annual survey displays the typical Australian grownup. Moreover, the pattern inhabitants displays variety by way of gender, geographic distribution and age.
Bitcoin was probably the most acknowledged cryptocurrency within the nation, adopted by Ethereum and Dogecoin. Solely 8% of these surveyed claimed that they had by no means heard about cryptocurrencies.
Actually, consciousness of Ethereum and Solana soared by 6.2% and 4.8% respectively between 2021 and 2022. The report attributes Ethereum’s development to the current migration from proof-of-work, whereas DeFi development fueled Solana’s reputation.
The report additionally discovered most Australians had been dedicated to the long-term adoption of crypto, so long as the nation would undertake higher crypto rules.
What’s extra, 36.1% of Australians stated they didn’t spend money on cryptocurrencies attributable to lack of client safety and crypto rules, up from 2021’s 24.8%. Nevertheless, 32% stated they had been keen to take a position if regulators put extra effort in the direction of defending shoppers.
Age and Gender in Crypto Possession
In the meantime, an attention-grabbing knowledge set was that of feminine crypto house owners that noticed a 1.4% improve whereas their male counterparts dropped by 10%. The rising variety of feminine crypto house owners falls within the background of final 12 months’s 100% improve of ladies in crypto.
Based on the IRCI report, there have been 21.4% feminine crypto house owners in Australia. A determine that just about closed the hole between women and men in digital foreign money possession.
By way of age, crypto possession grew up from 38% to 45.5% for respondents aged 35-44, and 25.3% to 27% for 45-54 year-olds.
The biggest drop in cryptocurrency possession was mirrored throughout the youngest inhabitants aged 18-24, the place possession dropped from 55.7% to 30.7% in a single 12 months. However, a piece of the youthful technology stated they might like to spend money on digital currencies had been they in a monetary place to take action.
