single post img

An Australian Independent Reserve exchange found that even boomers are becoming more confident about Bitcoin.

According to a survey from Down Under, Bitcoin topped the crypto charts. Independent Reserve’s Cryptocurrency Index surveyed 2,000 Australians and found Bitcoin was seen as the most recognizable, owned, and sentimental currency.

There is a 92% awareness of cryptocurrencies among Australians, and Bitcoin is the best-known, with 90.80% knowledge.

Also Read: In order to focus on blockchain and the LN token, Line shut down its crypto exchange

Livera, an internationally known podcaster specializing in Bitcoin, provided insight into the figures. Because of its zero-to-one nature, Livera said Bitcoin continues to gain brand awareness because of its firstness.

Bitcoin must be recognized in Australia despite its price falling into the teens at the beginning of November – and Australians have a positive outlook long-term. There is a high degree of long-term confidence in crypto’s future among Australia’s nearly 26 million population, according to the report.

Almost double the current Bitcoin price is predicted by most of those surveyed who own crypto by 2030. A complete 43% of people, including those without crypto ownership and those less biased, expect the price per Bitcoin to exceed $30,000.

Adrian Przelozny, CEO of Independent Reserve — the Sydney-based crypto exchange that commissioned the report- disclosed that although crypto interest and investment remain high, the 2022 IRCI data demonstrates that they continue to gain momentum despite this volatility.

Over the past year, ownership has fallen to 33.3% from 55.7% among 18- to 24-year-olds; momentum, however, is rising among the oldest demographics. In total, 28.8% of households owned crypto, compared with 25.6% last year.

According to Livera, “There are several reasons why ‘crypto’ and Bitcoin request rates are decreasing in Australia in 2022.

The report bundles Bitcoin with other cryptocurrencies and broader questions, so it is essential to clarify which assets the groups no longer own. A common question it asks is, “Will businesses and individuals accept crypto?”. Ether was never intended to be a cryptocurrency but a way to monetize the platform. Solana, on the other hand, is designed to be a platform for decentralized applications.

Also Read: Blockchain gaming startup Fenix Games raises $150 million

Although younger Australians appear to have lost interest in crypto, overall awareness of cryptocurrency among Australians has increased to 92%, up from 91.2% last year. And with 90.8% of respondents aware of Bitcoin, it persists to be the most widespread cryptocurrency.

Surprisingly, awareness of Bitcoin has spread among Australians over the age of 65. at 93.5%, which suggests that boomers may be heating up to Bitcoin