Categories: Market

What’s the Motivation for Australians to Buy Crypto?

Since they don’t have to buy crypto to get rich instantly, Australians’ motivation to buy crypto has changed as they seem to be more informed about their investment strategies as more and more people start buying crypto for the right reasons .

Motivating Australians to Buy Crypto

What’s the Motivation for Australians to Buy Crypto?

A recent survey by BTC Markets found that buying digital assets isn’t about getting Australians rich quick, it’s about motivating Australian electronics to buy to build sustainable wellbeing and prepare things for retirement.

According to the survey, 70% of respondents said their only purpose in adopting cryptocurrency is to build wealth. This is one possible scenario in which the high growth rates of established coins stand compared to traditional assets. 34% of respondents buy crypto so they can benefit in retirement, with around 28% of respondents saying they diversify their portfolio.

Cryptocurrencies have matured from the levels of the past decade. Today, both institutional investors and private customers are optimistic about Bitcoin (BTC), Ethereum (ETH) and other altcoins with individual fundamentals.

“There are many reasons for investing in cryptocurrencies. The majority of our survey respondents, 70%, say they want to build wealth. A significant percentage, 34%, say that one of their goals when investing in cryptocurrencies is to retire early. “

Important NOTE: All content on the website is for informational purposes only and does not constitute investment advice. Your money, the choice is yours.

Reasons to buy cryptocurrencies are also needs like paying off debts (at 12%) and starting a business, as confirmed by 4% of respondents.

Investors who responded to the BTC market survey showed diversity in their portfolios. This trend shows that despite the growing popularity of crypto assets, the majority of investors have no interest in them because of the frenzy associated with meme tags.

Up to 63% of respondents said they invested in stocks or shares, 29% in investment properties and 20% said they owned funds in precious metals including precious metals including silver and gold. Of the investors mentioned, only 20% stated that they only hold cryptocurrencies.

Based on this diversity, the report says;

“The diversification of investments across multiple asset classes reinforces the view that the majority of investors do not use cryptocurrencies as“ get rich quick ”investments. Rather, it is part of a well thought-out asset allocation strategy for a total asset portfolio. “

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Up to 63% of respondents said they invested in stocks or shares, 29% in investment properties and 20% said they owned funds in precious metals including precious metals including silver and gold. Of the investors mentioned, only 20% stated that they only hold cryptocurrencies. Based on this diversity, the report says; “The diversification of investments across multiple asset classes reinforces the view that the majority of investors do not use cryptocurrencies as“ get rich quick ”investments. Rather, it is part of a well thought-out asset allocation strategy for a total asset portfolio. ” Based on this diversity, the report says; “The diversification of investments across multiple asset classes reinforces the view that the majority of investors do not use cryptocurrencies as“ get rich quick ”investments. Rather, it is part of a well thought-out asset allocation strategy for a total asset portfolio. ” “The diversification of investments across multiple asset classes reinforces the view that the majority of investors do not use cryptocurrencies as“ get rich quick ”investments. Rather, it is part of a well thought-out asset allocation strategy for a total asset portfolio. “

Annie

Championing positive change through finance, I've dedicated over eight years to sustainability and environmental journalism. My passion lies in uncovering companies that make a real difference in the world and guiding investors towards them. My expertise lies in navigating the world of sustainable investing, analyzing ESG (Environmental, Social, and Governance) criteria, and exploring the exciting field of impact investing. "Invest in a better future," I often say. That's the driving force behind my work at Coincu – to empower readers with knowledge and insights to make investment decisions that create a positive impact.