An Australian Independent Reserve exchange found that even boomers are becoming more confident about Bitcoin.<\/p>\n
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.<\/p>\n
\n92% of Australians have heard of at least one crypto. To be expected, #Bitcoin<\/a> has the most brand awareness, with 90.80% of the respondents having heard about Bitcoin.<\/p>\n
\ud83e\uddf5 3\/8 pic.twitter.com\/NBBoAeESfn<\/a><\/p>\n
\u2014 Independent Reserve (@indepreserve) November 28, 2022<\/a><\/p><\/blockquote>\n
There is a 92% awareness of cryptocurrencies among Australians, and Bitcoin is the best-known, with 90.80% knowledge.<\/p>\n
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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.<\/p>\n
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.<\/p>\n
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.<\/p>\n
Adrian Przelozny, CEO of Independent Reserve \u2014 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.<\/p>\n
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.<\/p>\n
According to Livera, “There are several reasons why ‘crypto’ and Bitcoin request rates are decreasing in Australia in 2022.<\/p>\n
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.<\/p>\n
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