High Cryptocurrency Statistics
- By the tip of 2021, it’s estimated that just about 300 million individuals worldwide owned some form of cryptocurrency (crypto.com).
- Crypto’s worldwide market capitalisation was estimated at $US1.09 trillion as of August 2023 (CoinMarketCap).
- As of February 2, 2024, Bitcoin makes up 48.6% of the overall worth of the crypto market (Coingecko).
- By 2030, the worldwide market is predicted to develop by 12.5% in compound annual progress charge (CAGR) (Grand View Analysis).
- Estimates present the share of people that owned cryptocurrency in Australia in 2022 was 25.6% (statista)
- The main cryptocurrency owned in Australia is Bitcoin (statista).
- A research by the Australian Securities Change (ASX) in 2023 revealed 29% of Australian buyers are curious about shopping for cryptocurrency within the subsequent 12 months (ASX).
- The research discovered that 15% of Australian buyers presently maintain crypto in 2023, with that quantity rising to 31% for buyers aged between 18-24.
- The research additionally discovered that the median quantity Australians invested in crypto was $5,100.
- Equally, findings from a UK survey carried out by Forbes Advisor confirmed that these aged 18-34 are twice as prone to personal a sort of cryptocurrency than these aged 35-54.
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Crypto Exchanges
Based on Statista, buying and selling quantity in all the cryptocurrency market reached a peak of $US3 trillion on Nov 8, 2021.
Cryptocurrency Consciousness
Based on a Forbes Advisor survey carried out within the UK, 90% of respondents had heard of Bitcoin making it essentially the most well-known cryptocurrency. Different acquainted cash included:
- Bitcoin – 90%
- Ethereum – 50%
- Dogecoin – 45%
- Binance Coin – 36%
- USD Coin – 27%
- Tether – 26%
- Solana – 21%
- Cardano – 18%
Legitimacy of Cryptocurrency
Based on a Forbes Advisor survey carried out within the UK:
- Nearly 67% agree that cryptocurrency is a respectable type of funding (both strongly or considerably agreeing with this assertion).
- Nearly 17% neither agree nor disagree with that assertion.
- Nearly 17% disagree that cryptocurrency is a respectable funding.
In the meantime, 24% of those that put money into cryptocurrency say they belief it greater than conventional investments, whereas, in accordance with the FCA within the UK, some 60% of crypto holders mentioned that they had been joyful to commerce within the cryptocurrency market regardless of it being unregulated.
Why Do Folks Spend money on Cryptocurrency?
Based on the identical Forbes Advisor survey, there are a number of explanation why individuals put money into cryptocurrency:
- It’s a better strategy to begin investing by means of an app (42%).
- It’s simpler to know than standard investments (34%).
- The buyers imagine within the message and mission assertion behind cryptocurrency (30%).
- The buyers have simpler entry to cash when it’s invested in cryptocurrency (27%).
- The buyers noticed their buddy or member of the family’s funding performing nicely (26%).
- The buyers belief it greater than conventional investments (24%).
- The investor has made more cash by means of crypto than by means of conventional investments (21%).
In Australia, Statista discovered that the main cause for investing in cryptocurrency was for portfolio diversification.
These are the explanations individuals acquired into crypto investing within the first place:
- 55% mentioned a buddy or household advisable it.
- 23% mentioned an influencer on social media get them into it.
- 20% mentioned a finance skilled instructed them it was a good suggestion.
- 15% heard about it by means of movie, tv, or different leisure.
- 15% heard about it on the information.
- 10% acquired into crypto by means of a comparability web site.
Why Folks Keep away from Cryptocurrency
Based on the UK Forbes Advisor survey, there are additionally a variety of explanation why individuals have determined to not put money into cryptocurrency.
- 58% have acknowledged that they don’t belief it.
- 34% don’t perceive the expertise.
- 21% imagine that it performs badly as an funding.
- 14% don’t make investments as a result of environmental considerations.
- 12% want to start investing in cryptocurrency, however are not sure the place to start out.
- 9% shouldn’t have the spare revenue to speculate.
- 9% have seen a buddy of relations funding carry out poorly.
Crypto change app Luno carried out a survey that indicated 71% of Australians have lower than a fundamental understanding of cryptocurrencies in 2023 (Luno).
Australian Funding in Cryptocurrency
A research carried out by the ASX on Australian buyers in 2023 discovered the next:
- Some 9% of Australian buyers have purchased or bought crypto within the final 12 months.
- Crypto makes up 11% of feminine investor portfolios on common.
- Crypto makes up 31% of subsequent era investor (aged 18-24) portfolios on common.
- Crypto makes up 12% of SMSF portfolios on common.
- Crypto makes up 15% of Australian investor portfolios throughout all demographics on common.
Earnings Made or Misplaced Investing in Cryptocurrency
The Forbes Advisor’s survey additionally requested buyers how their crypto investments had carried out within the final yr:
- 57% made cash from investing in cryptocurrency.
- 16% really feel as if they’ve neither made nor misplaced cash.
- 14% have misplaced cash.
- Solely 7% really feel as in the event that they made some huge cash.
Have the Crashes in Cryptocurrency Affected Investments?
Within the UK, Forbes Advisor requested to what extent the latest cryptocurrency crashes have made individuals take a look at cryptocurrency in a extra unfavorable gentle:
- 58% agree that it has
- 28% neither agree nor disagree
- 13% disagree
Regardless of this sentiment from UK respondents, 31% of Australian buyers intend to purchase crypto within the subsequent yr, in accordance with the ASX 2023 investor research.
This text shouldn’t be an endorsement of any specific cryptocurrency, dealer or change nor does it represent a advice of cryptocurrency or CFDs as an funding class. Cryptocurrency is unregulated in Australia and your capital is in danger. Trading in contracts for distinction (CFDs) is riskier than standard share buying and selling, not appropriate for almost all of buyers, and consists of the potential for partial or whole lack of capital. It is best to all the time contemplate whether or not you may afford to lose your cash earlier than deciding to commerce in CFDs or cryptocurrency, and search recommendation from an authorised monetary advisor.
Featured Companions
Make investments with a crypto model trusted by thousands and thousands
Purchase and promote 100+ cryptoassets on a safe, easy-to-use platform
Trading Charges:
0.50% – 0.02%
Finest for:
Refined buyers, SMSFs, companies and trusts
Advantages:
Quick deposits, superior buying and selling instruments and reporting
Finest for:
Newbies to crypto and investing
Advantages:
Simple to make use of, immediate deposits utilizing bank card, PayPal and financial institution switch
Crypto belongings are unregulated & extremely speculative. No shopper safety. Capital in danger.
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