Bitcoin

Over 40% Of Australians Believe Bitcoin Can Hit $30,000 By 2023: IRCI Survey

Bitcoin ranks first in brand identification, ownership, and general mood among 2,000 Australians polled by the Independent Reserve Cryptocurrency Index (IRCI).

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.

BTC daily chart. Source: Coincu

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

Harold

With a passion for untangling the complexities of the financial world, I've spent over four years in financial journalism, covering everything from traditional equities to the cutting edge of venture capital. "The financial markets are a fascinating puzzle," I often say, "and I love helping people make sense of them." That's what drives me to bring clear and insightful financial journalism to the readers of Coincu.

Recent Posts

Italy Considers Reducing Proposed Italy Crypto Tax to 28%

Italy considers lowering its proposed Italy crypto tax increase to 28% from an initial 42%,…

1 hour ago

Bitcoin Spot ETF Inflows Reach $818M Amid 5-Day Positive Streak

Bitcoin Spot ETF Inflows Hit $818M as Net Inflow Streak Extends to 5 Days, with…

2 hours ago

Elon Musk Invests $200M in Trump, Treats Government Like X (Twitter)

Elon Musk applies his X (Twitter) management style to politics. His political strategies, including voter…

3 hours ago

PayPal Stablecoin PYUSD Now Available for Cross-Chain Trading via LayerZero

PayPal stablecoin PYUSD can now transfer seamlessly between Ethereum and Solana via LayerZero.

4 hours ago

New Department of Government Efficiency Will Be Led by Musk

President-elect Trump plans to establish the Department of Government Efficiency, led by Elon Musk and…

5 hours ago

Best Crypto to Join in November 2024 – Why Now’s the Time to Invest

Imagine you’re navigating the unpredictable seas of cryptocurrency, where market waves can knock the unprepared…

5 hours ago

This website uses cookies.