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NewsBTC 2021-09-05 17:00:37

Crypto Is Set To Dominate Australian Financial Industry In Less Than 10 Years

Crypto experts have said that Australia’s finance industry is set to be dominated by cryptocurrency by 2029. Finder’s annual cryptocurrency report shows that crypto is set to replace the traditional finance industry in Australia. The Finder’s report brought to light some interesting facts about cryptocurrency adoption in the country. These, experts say, put it on track for widespread adoption in the country. Australians Are Turning Their Attention To Crypto In Australia, 17% of the population have said that they own some kind of cryptocurrency. The most popular being the top coins like Bitcoin and Ethereum. A further 13% of Australians said that they plan to purchase and own crypto within the next year. A reported 9% of Australians surveyed said they owned bitcoin. While 8% said that they hold Ethereum. Dogecoin came in third with 5% saying they held the meme coin. And Bitcoin Cash was held by a reported 4% of the people surveyed. Related Reading | Crypto Needs Regulation If It’s Going To Survive, Says SEC Boss The biggest group that held the most crypto was Gen Z. Gen Z are classified as people who were born starting the year 1997 to the present. Which puts the oldest Gen Zs at 24 years old. 31% of this group confirmed that they held some type of cryptocurrency. Showing a growing trend among young people who are more inclined to invest in digital assets than in traditional assets. Compared to the younger group, crypto ow...

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Crypto Is Set To Dominate Australian Financial Industry In Less Than 10 Years

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