While 92% of Australians have heard of cryptocurrencies, Bitcoin has the highest levels of brand recognition, according to the survey. As a result, 90.80% of respondents had heard of Bitcoin.
The majority of people polled who possess cryptocurrency anticipate that the price of Bitcoin will be above $30,000 by 2030, nearly double today’s pricing. Even among those who do not hold cryptocurrency and are thus less likely to believe that their assets will appreciate in value, 43% expect the price per BTC will exceed $30,000.
In the short term, the youngest demographic is losing the most crypto assets, falling from 33.3% to 55.7% in the 18-24 age group. Furthermore, overall crypto ownership has decreased from 28.8% to 25.6% in the last year.
Despite the price plummeting into the teens at the beginning of November, Bitcoin’s popularity is growing in Australia. Australians are positive in the long run.
According to the survey, roughly 26 million people in Australia are committed to crypto in the longer term, with overall adoption and long-term confidence in the sector’s future continuing to be strong.
At the time of writing, BTC is trading at $16,213.
DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.
Join us to keep track of news: https://linktr.ee/coincu
Website: coincu.com
Harold
Coincu News
Grand Cayman, Cayman Islands, 22nd November 2024, Chainwire
Best Cryptos to Invest in December 2024: Qubetics surges past $2.6M, Solana’s whale pump ignites…
As Bitcoin reaches unprecedented heights and the market surges, he's highlighting five altcoins poised for…
With the crypto market reaching new peaks, many are eager to discover digital currencies poised…
XYZVerse, blending sports passion with meme energy, is set to make a significant impact, uniting…
Will Bitcoin Crash?" seems to be one of the most controversial questions, as the price…
This website uses cookies.