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An Australian survey that included more than 2,000 people found that the percentage of people in the country who own or have owned crypto has grown to 28.8%, up from 18.4% in 2020.
The 2021 Independent Reserve’s Cryptocurrency Index (IRCI) results point that a positive experience of those who own crypto is a strong contributor to growth in the crypto sector. 89% of the people surveyed said they have made money or broken even, up from 78% a year ago.
The IRCI is a yearly cross-sectional survey of more than 2,000 Australians conducted by PureProfile.
The 24 to 34-year-old age group was, perhaps unsurprisingly, the most trusting of crypto with 27.6% saying they got in to to make a fortune. The over 65 age group holds the most crypto sceptic.
While 28.6% of those that do not currently own crypto, said they would consider investing with better consumer protection, another 26.6% revealed improved regulation of the market to be a decisive factor for them to move in.
The survey reveals that Bitcoin remains the most well-known and popular cryptocurrency, with 89.1% saying they’ve heard of it and 21.1% actually owning the top cryptocurrency. Ethereum is the second most popular asset with 11% holding the coin.