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Annual crypto survey by the Australian crypto exchange Swyftx reveals that despite the Crypto Winter, Australian crypto ownership increased by 4% year on year. In 2021, 17% of the survey participants owned crypto, while this year this metric reached 21%.
Results show that Australians have long-term intentions to hold crypto. 29% of Australian adults said they own or have owned crypto, 38% said they hold crypto in their superannuation, and 59% of crypto owning parents said they invested in crypto for their children.
The survey mentions that the percentage of Australians believing that crypto is the future of online transactions has dropped by 5% compared to last year. The main reason for Aussies not buying digital assets is the concern that the market isn't regulated well.
Swyftx says 26% of Australian adults plan to buy cryptocurrencies in the next 12 months. Around 1M non-owners are likely to buy crypto during that time.
Report also shows that the number of male investors is higher than the number of female investors. 40% of Australian males own or have their own crypto, while 18% of females have invested in crypto. Swyftx predicts that the next 12 months will be decisive for reaching new levels of crypto adoption among Australians. The market is expected to grow given regulatory developments, increasing venture capital funding, and the attraction of top talent.