Bitcoin Down Under: Australia Bags 4th Spot In Global Crypto Adoption – Survey

2022-9-26 15:51

Bitcoin adoption has always been the subject of rigorous debates in many countries today.

With financial powerhouses such as the U.S. and China still taking a hard stance against cryptocurrencies, it remains to be seen if the adoption of crypto by different nations will reach its peak in the near future.

After all, the respective governments of the above-mentioned countries continue to associate digital assets like Bitcoin with illicit affairs.

But this does not necessarily mean that other countries will follow suit. In fact, there are nations that are slowly making the necessary steps to properly adopt crypto into their financial system.

Australia, for example, is already turning heads in crypto space after it recently catapulted itself to be among the top nations as far as crypto adoption is concerned.

Australia Moving Up In the Rankings

A September 2022 report from Finder puts Australia in 4th place among 26 nations that were surveyed about crypto adoption.

The country’s cryptocurrency ownership rate stood at 23%, just few points below 1st-placer India which boasted a rate of 29%.

Bitcoin, Ethereum, Dogecoin and Cardano were the popular cryptocurrencies held by people Down Under.

Source: Finder's Cryptocurrency Adoption Index

The report shows 14% of the 272, 257 surveyed people in the country owned Bitcoin. Meanwhile, 10% of the survey participants revealed owning Ethereum.

Dogecoin and Cardano barely made the cut, garnering 5% and 4% respectively.

Is Australia A Bitcoin Country?

The global average of Bitcoin ownership is 36%. Australia’s is way above that with its 60% average. It’s probably safe to say it is a Bitcoin country.

After all, it is just normal for those investing in this kind of asset to go for the top of the class.

Moreover, the survey also found out that men in Australia are more likely to own crypto as compared to women.

Source: Finder's Cryptocurrency Adoption Index

Among those surveyed owners of digital currencies, 62% were men and only 38% were women. Australia is not that far from the U.S. where 74% of crypto owners are men.

There are about 4.6 million Aussies who own cryptocurrencies. They are relatively young, as shown in the survey.

Based on the Finder’s findings, 57% of crypto owners are of ages between 18 and 34.

Meanwhile, the study also found out that Aussies who are 55 years old and above are less likely to own any digital currency.

BTC total market cap at $361 billion on the daily chart | Source: TradingView.com

Featured image from Envato Elements, Chart: TradingView.com

Similar to Notcoin - Blum - Airdrops In 2024

origin »

Emerald Crypto (EMD) на Currencies.ru

$ 0 (+0.00%)
Объем 24H $0
Изменеия 24h: 0.00 %, 7d: 4.67 %
Cегодня L: $0 - H: $0
Капитализация $0 Rank 99999
Цена в час новости $ 0.0095806 (-100%)

adoption bitcoin crypto seen remains hard stance

adoption bitcoin → Результатов: 126


El Salvador’s Chivo And Bitcoin Adoption In Mindblowing Facts And Stats

Why didn’t we thought of measuring Chivo and Bitcoin adoption this way? Cero anecdotal evidence. Only facts, numbers, and reports from wherever we can get them. What do we know about the Chivo wallet’s Lightning node? What apps besides the government wallet are the Salvadorans using? Are they happy with them? Investor and blogger Kevin Rooke has a fresh take on El Salvador’s Bitcoin adoption and we’re here to summarize it.

2021-9-25 03:26


Best Cryptocurrency Headlines Happening Today in the Bitcoin and Blockchain Industry

Here was Part 1 Recap for today from Bitcoin Exchange Guide News Team! TRON Blockchain Network Eyes Massive Gaming Potential for TRX Coin Adoption TRON Blockchain Network Eyes Massive Gaming Potential for TRX Coin Adoption TY Capital Investment Company Offers Crypto Asset Trading: But is it Safe? TY Capital Investment Company Offers Crypto Asset Trading: […]

2018-9-20 07:21


Фото:

Premier League Football Continues To Lend Itself To Bitcoin Adoption

There’s a big trend in Premier League football at the moment that seems to be bringing in big interest in cryptocurrency and blockchain based sponsorships in football. London based Arsenal seemed to be the first to reach such an agreement and since then, we have seen cryptocurrency related sponsorships open up within a range of other top-flight football clubs, including Tottenham Hotspur and Leicester City with their new eToro sponsorships (among other clubs).

2018-9-17 14:30


Фото:

Wall Street Cozying Up to Bitcoin Could Open Up a Can of Worms Nobody Wants to See

With a number of Wall Street heavyweights beginning to open up to the crypto space, mainstream adoption of Bitcoin and other popular tokens seems almost inevitable at this juncture. But is this actually a positive development that investors should look forward to? Perhaps not, say some experts who seem convinced that the financial industry’s embrace […] Wall Street Cozying Up to Bitcoin Could Open Up a Can of Worms Nobody Wants to See was originally found on [blokt] - Blockchain, Bitcoin & Cryptocurrency News.

2018-9-13 16:59


Фото:

Cryptocurrency Adoption to Accelerate Rapidly in the Next Five Years Believes Coinbase CEO

With headlines screaming about the recent crypto market correction, readers would inevitably become depressed and erroneously conclude that the future is bleak for the industry. However, buried somewhere beneath all the negative news are signs that the entire industry is heading to a brighter, more stable future.

2018-9-12 20:34