Bitcoin ranks first in brand identification, ownership, and general mood among 2,000 Australians polled by the Independent Reserve Cryptocurrency Index (IRCI).
While 92% of Australians have heard of cryptocurrencies, Bitcoin has the highest levels of brand recognition, according to the survey. As a result, 90.80% of respondents had heard of Bitcoin.
The majority of people polled who possess cryptocurrency anticipate that the price of Bitcoin will be above $30,000 by 2030, nearly double today’s pricing. Even among those who do not hold cryptocurrency and are thus less likely to believe that their assets will appreciate in value, 43% expect the price per BTC will exceed $30,000.
In the short term, the youngest demographic is losing the most crypto assets, falling from 33.3% to 55.7% in the 18-24 age group. Furthermore, overall crypto ownership has decreased from 28.8% to 25.6% in the last year.
Despite the price plummeting into the teens at the beginning of November, Bitcoin’s popularity is growing in Australia. Australians are positive in the long run.
According to the survey, roughly 26 million people in Australia are committed to crypto in the longer term, with overall adoption and long-term confidence in the sector’s future continuing to be strong.
At the time of writing, BTC is trading at $16,213.
DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.
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