CRYPTO

The survey revealed that the average Aussie crypto portfolio grew by 25-2%

According to recent exchange data collected by Statistar, the average portfolio size of the Australian cryptocurrency exchange BTC market has increased from $ 577.65 (A 795.5 AUD) in FY 2021 to 0 2,069.16 (2849.5 AUD), giving the portfolio an increase of 25%. BTC Market Survey.

The survey data shows that the average portfolio size of female and male investors in the BTC market in FY 2020-21 was 1,242..30 (2650 AUD) and 2,21.0.0 ((0.049 AUD), respectively. , The average portfolio size of female Aussie investors has slightly exceeded that of male investors.

Exchange transaction data also showed a pattern of increasing demand for investment with aging. Considering the data provided by BTC Markets on the average initial investment in Australia, investors over the age of 65 have invested around $ 3,158.03, which is the most demographic.

After a steady decline in different age groups, the youngest cryptocurrency traders between the ages of 18 and 24 tend to make relatively small investments, which stand at an average of 79 792.96. While older Australian crypto investors outperform the new generation in early investments, the younger crowd shows comparatively more activity in everyday business.

Related: 17% of Australians now own cryptocurrencies, a total of 8 8 billion of them: the survey

Financial comparison website Finder’s September report showed that one in six Australians owns a cryptocurrency with a total investment of 8 8 billion. Australians, like many other users in developed industrialized countries, increasingly viewed cryptocurrencies as a new asset class, the report said.

According to a report by Cointelegraph, Bitcoin (BTC) is the most popular cryptocurrency for the Australian crypto market with 9% in the hands of investors. Other popular investments include Ether (ETH), Dogcoin (Doggy) and Bitcoin Cash (BCH). The report shows that despite the increase in crypto investment, a significant barrier to entry for Australians is the difficulty in understanding crypto and the risks associated with instability.