17pc of Australians own crypto, 35pc are interested in buying some
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More than one in six Australian adults own some form of cryptocurrency, and more than a third intend to buy in, according to a new survey.
The survey of 1,000 Australians by financial broker Savvy found that 17 per cent said they currently own crypto, and another two per cent had in the past. Thirty-five per cent said they intended to get some coins, while 44 per cent possessed “no desire to hold any digital or cryptocurrencies in the future”.
Men were 60 per cent more into crypto than women, with 22 per cent of men currently owning crypto and just 13 per cent of women doing so.
Those aged 25 to 34 were most likely to possess the digital asset, with 30 per cent owning some. Just four per cent of those over 65 did. Only about a quarter of those under 35 had no interest in crypto, compared to almost three-quarters of Australians 65 and over.
Of those surveyed, 15.2 per cent had invested less than $5,000, while 2.5 per cent had invested $5,000 to $10,000 and one per cent had invested $10,000 to $20,000.
Forty-four per cent of Aussies into crypto were interested in buying some Bitcoin, 21 per cent keen on Ethereum, and 18 per cent considering Dogecoin.
Slightly under one in 10 Australians thought it was more likely than not that crypto would replace traditional national currencies, while 71 per cent of Australians said they either understood crypto or were interested in learning more about it.
Savvy managing director Bill Tsouvalas said that crypto might be the currency of the future.
“It’s time for the wider finance sector to embrace it rather than treat it as a fad, or they’ll be left behind,” he said.