The average portfolio size of Australian cryptocurrency exchanges BTC Markets has grown from $ 577.65 ($ 795.5) to $ 2069.16 ($ 28.49.5) in FY2021, indicating an increase in wallet portfolio of 258 .2%, according to stock data collected from stocks. exchange. Statista recently researched the BTC markets.
Survey data shows that the average portfolio size for female and male investors in FY20-21 on BTC Markets was $ 1,924.30 ($ 2,650) and $ 2,214.03 ($ 3,049), respectively. However, in 2020, the average size of the portfolio of Australian investors was slightly higher than male investors.
The data on transactions on the stock exchange also showed a trend of increasing demand for investment with age. When we look at BTC Market data on the average initial investment in Australia, investors over 65 invested around $ 3,158.03, the highest of any demographic.
After a gradual decline across different age groups, the youngest cryptocurrency traders between the ages of 18 and 24 tend to make relatively small investments, averaging $ 792.96. While older Australian cryptocurrency investors outperform the new generation in initial investment, younger investors are relatively active when it comes to daytime transactions.
RELATED: 17% of Australians now own digital currency for a total of $ 8 billion. Among them: poll
Similar to the above results, a September report by financial comparison site Finder found that one in six Australians owns cryptocurrencies with a total investment value of $ 8 billion. The report notes that, like many other users in developed industrialized countries, Australians are increasingly looking at cryptocurrencies as a new asset class.
According to a Cointelegraph report on the subject, Bitcoin (BTC) is the most popular cryptocurrency in the Australian cryptocurrency market, owned by 9% of investors. Other popular investments include Ether (ETH), Dogecoin (DOGE), and Bitcoin Cash (BCH). The report showed that despite the rise in investment in cryptocurrency, the difficulty of understanding cryptocurrency and the risks associated with volatility is a major barrier to entry for Australians.