Study suggest, Australians spend more on cryptocurrencies

Despite a harsh crypto winter, 72% of Australians who own cryptocurrencies reported making an average profit of $7,152.

[{"selector":"#anim-7d5354e6-a81c-479e-9999-4f8979376d99","keyframes":{"transform":["translate3d(87.62886%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":1900,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-17cc0276-55c6-4f8c-8857-496540778418","keyframes":{"opacity":[0,1]},"delay":0,"duration":1900,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-775c1a08-2186-4076-b8ab-6fdd22b9a9f8","keyframes":{"transform":["scale(0.15)","scale(1)"]},"delay":0,"duration":1900,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"forwards"}] [{"selector":"#anim-00850557-e007-4af2-a4e0-480f386856ae","keyframes":{"opacity":[0,1]},"delay":0,"duration":1600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}]

Interestingly, Australian women make more money in crypto than Australian men.

[{"selector":"#anim-2032ede6-110f-42be-9839-eb56acbdf8e7","keyframes":{"opacity":[0,1]},"delay":0,"duration":1600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-cc87bb38-48d3-4307-a36f-f31a86f26aa2","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-09844922-9f3f-4d65-87ab-91150c443f29","keyframes":{"transform":["translate3d(114.87342%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-3cbcdd11-01c8-41ce-99e9-30c9be0262ab [data-leaf-element=\"true\"]","keyframes":{"transform":["translate(0%, 0%) scale(1.5)","translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}]

Survey by crypto exchange Swyftx, Australian women report profits of $7314, compared to $7089 for Australian men.

Also, “Crypto-spending has increased by 10pp over this past 12 months with 53% of crypto-owning Aussies reporting they have used their crypto to make purchases”.

[{"selector":"#anim-3be88330-6b01-4878-80b8-073161604fde","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-460a2e2f-4ad5-4467-9ec3-65032b6ec840 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate(-0.7862013419531767%, -1.654893355819907%) scale(1.3164556962025316)","translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}]

Around 1 million Down Under citizens are expected to enter the cryptocurrency market for the first time in 2022-2023.

[{"selector":"#anim-60d12d12-898b-4a43-a9bc-53c3e65c4008 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(49.693716536883855%, 0, 0)","translate3d(0%, 0, 0)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] [{"selector":"#anim-f25c38c8-89cc-4294-9058-433cb0c0f5da","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}]

Millennials and Gen Z are the most likely to purchase digital assets.

[{"selector":"#anim-d495a0a6-f5dc-4c2a-bff5-ad0c7f54f22b","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-193735a0-38d8-4e1a-8731-cd7a3e11aa46","keyframes":{"transform":["translate3d(114.87342%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}]

A major hurdle to market entry for non-cryptocurrency users is the lack of effective regulation.

[{"selector":"#anim-1bad31b1-a0d1-4781-8fcc-2ddc8ff4066e","keyframes":[{"transform":"rotate(-540deg) scale(0.1)","opacity":0},{"transform":"none","opacity":1}],"delay":0,"duration":1000,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both","iterations":1}] [{"selector":"#anim-654ba7e2-a20f-45aa-a958-378d69a28bd8","keyframes":{"opacity":[0,1]},"delay":0,"duration":1600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-e802c74b-2c0e-4094-bf7b-4b3660141500","keyframes":{"transform":["translate3d(114.24051%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":1600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] Read More