A survey by Swyftx found that 20% of 2,229 adult respondents had never owned a cryptocurrency, while 43% said they did not know enough about how cryptocurrencies work. Nearly a third of respondents were more likely to buy regulated cryptocurrencies, while 41% said they did not trust unregulated cryptocurrencies.
Swyftx estimates that 3.90 million Australians own cryptocurrencies and 1.30 million are considering entering the market in the next 12 months.
The Swyftx survey also found that while bitcoin rose to an all-time high of $73,750 in March 2024, cryptocurrency usage in Australia declined slightly.
Swyftx CEO: Australian Cryptocurrency Investors "Stand By" in Search of Clearer Laws
2024-09-11 06:39:15
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