1 in 4 Aussies to enter crypto in the next 12 months! | Crypto

1 in 4 Aussies to enter crypto in the next 12 months!

– According to the Annual Australian Crypto Survey by Swyftx, 548 of the survey sample identified as current holders of cryptocurrency.
– The survey found that Australian crypto ownership has grown 4% year-on-year, reaching 21% in 2022.
– The figure is set to increase by another one million new crypto owners in 2023, while at least one-quarter of Australians are planning to buy crypto over the next 12 months.
– Swyftx’s Head of Strategic Partnerships, Tommy Honan, said: “On the basis of current growth trajectories in the use of digital assets, we expect half of the adults under 50 in Australia to own or have owned crypto within the next one to two years.”
– However, Honan said there were also a lot of variables that make forecasting adoption “fiendishly difficult.”
– The survey found that lack of sound regulation was revealed as the biggest deterrent to investing in crypto for those who have not yet done so, along with a lack of knowledge about how crypto works, and overall market volatility.

1 in 4 Aussies to enter crypto in the next 12 months!

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