Research Shows More Than 1 Million Australians Own Cryptocurrency – Featured Bitcoin News – Bitcoin News
by Kevin Helms
A latest research by main market analysis agency Roy Morgan reveals that greater than 1 million Australians now personal cryptocurrency. “The worth of all cryptocurrency holdings for folks aged 50+ is round $7.6 billion,” the research reveals.
Australian analysis agency Roy Morgan has performed a research into cryptocurrency investments. The research befell between December 2021 and February this yr; the outcomes have been printed Tuesday.
Based in 1941, Roy Morgan described itself as Australia’s largest impartial analysis firm with “an unparalleled fame for dependable, correct, significant, revealing market analysis.” It has workplaces throughout Australia, in addition to in Indonesia, the U.Okay., and the U.S.
The agency detailed:
The most recent Roy Morgan analysis into Australians’ investments reveals 5%, or over 1 million Australians aged 18+, now personal not less than one cryptocurrency.
The agency discovered that 69% of Australian cryptocurrency traders are males, and folks underneath 35 years usually tend to be cryptocurrency holders.
Michele Levine, CEO of Roy Morgan Analysis, commented: “This breakdown of the market means round 640,000 cryptocurrency traders, nearly 60% of the market, are aged underneath 35 in comparison with 430,000 aged 35+ (40% of the market).”
The research additional reveals that “Australians aged 50+ have the most important common cryptocurrency funding at a median worth of round $56,200,” elaborating:
This dimension of common funding means the worth of all cryptocurrency holdings for folks aged 50+ is round $7.6 billion — increased than another age group and over 35% of the entire market.
One other firm that has estimated the variety of Australians investing in cryptocurrency is Triple A. “It’s estimated that 0.9 million folks, 3.4% of the entire Australian inhabitants, at the moment personal not less than one type of cryptocurrency,” the corporate wrote.
What do you concentrate on Roy Morgan’s analysis on Australians’ crypto investments? Tell us within the feedback part under.
A scholar of Austrian Economics, Kevin discovered Bitcoin in 2011 and has been an evangelist ever since. His pursuits lie in Bitcoin safety, open-source methods, community results and the intersection between economics and cryptography.
Picture Credit: Shutterstock, Pixabay, Wiki Commons
Disclaimer: This text is for informational functions solely. It’s not a direct provide or solicitation of a proposal to purchase or promote, or a suggestion or endorsement of any merchandise, providers, or corporations. Bitcoin.com doesn’t present funding, tax, authorized, or accounting recommendation. Neither the corporate nor the writer is accountable, immediately or not directly, for any injury or loss triggered or alleged to be attributable to or in reference to using or reliance on any content material, items or providers talked about on this article.
Draft Regulation Regulating Facets of Crypto Taxation Submitted to Russian Parliament
A invoice updating Russia’s tax regulation to include provisions pertaining to cryptocurrencies has been filed with the State Duma, the decrease home of parliament. The laws is tailor-made to control the taxation of gross sales and earnings within the nation’s market … learn extra.
Draft Regulation Regulating Facets of Crypto Taxation Submitted to Russian Parliament
A invoice updating Russia’s tax regulation to include provisions pertaining to cryptocurrencies has been filed with the State Duma, the decrease home of parliament. The laws is tailor-made to control the taxation of gross sales and earnings within the nation’s market … learn extra.
Verify all of the information right here
Originally posted 2022-12-02 02:07:53.
