Interest In Bitcoin Surges In Australia
A survey revealed that 19% of Australian respondents would invest in a spot Bitcoin ETF if it were listed on the Australian Securities Exchange.
This surge in interest in Bitcoin has been fueled by the Securities and Exchange Commission’s approval of the first eleven spot Bitcoin Exchange Traded Funds in the US last month.
This has increased confidence in Bitcoin, with 25% of locals holding a more positive view following the ETF approval.
General awareness of cryptocurrency among Australians has soared to an all-time high of 95%, up from 92% in 2022.
Over the past five years, it has steadily grown by 5%. Bitcoin remains the most recognized digital asset, with 93% of respondents familiar with it.
Older generations have shown a shift in sentiment towards Bitcoin, with twice as many respondents aged 55 and older expressing a “more favorable perception” of the cryptocurrency compared to those with an unchanged but positive view.
As anticipation builds for the upcoming Bitcoin halving in April 2024, Australian crypto investors are doubling down on BTC, with 41.4% planning to increase their exposure to the digital asset over the next year.
(With inputs from Shikha singh)
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