According to the Consumer Sentiment Tracker from Australian company Finder and platform Qualtrics, which surveyed 1,000 Australian customers, one in six local residents own cryptocurrencies.
According to the survey results, the majority of cryptocurrency owners have entered the digital asset market with the aim of diversifying their portfolio. The second place in the list of reasons (24%) for buying cryptos is occupied by the increase in the price of Bitcoin and altcoins, while at the same time, 17% of cryptocurrency users bought them because of the fear of missing out.
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In addition, the survey results have shown that men own almost twice as often (23%) digital assets than women (11%). Since January, the proportion of female investors has increased; at the beginning of the year, this indicator amounted to only 7%.
Broken down by generation, the largest cryptocurrency owners are members of Generation Z, while the baby boom generation is at the bottom of this statistic with only 1%.
Although Bitcoin has almost lost its dominance, it remains the most popular crypto among the public. It has received 9% of investments from Australian residents, followed by Ethereum with 8%, Dogecoin with 5% and Bitcoin Cash with 4%.