Recent survey reveals that another million Aussies will enter crypto over the next 12 months

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According to Swyftx's second Annual Australian Crypto Survey, a million Australians will purchase crypto for the first time in the next 12 months. YouGov, a market research firm, conducted the survey. This will bring the total number of crypto owners in the country to more than five million.

The survey found that Australian crypto ownership has increased by 4 per cent year on year and is expected to reach 21 per cent by 2022. This happened despite the current 'Crypto Winter'.' Over the last year, approximately $2 trillion in assets have been wiped out of the digital asset market due to the crypto winter. It was also revealed that the number of Australian males who own or have owned crypto increased to 40 per cent. Female crypto investors remained stable at 18 per cent.

These findings are expected to rise by another million new crypto owners in 2023. Australian parents and those in full-time employment are more likely to purchase crypto in the coming year. 44 per cent are expected to be Australian parents and 45 per cent to be full-time workers. Divided by gender, 17 per cent of females and 34 per cent of males plan to purchase crypto within the next year.

Commenting on survey findings, Swyftx’s Head of Strategic Partnerships, Tommy Honan, said,

"On the basis of current growth trajectories in the use of digital assets, we expect half of the adults under 50 in Australia to own or have owned crypto within the next one to two years…The expectation is that we’ll see crypto move into the regulated space next year, and, all other things being equal, you’d expect that to trigger growth in adoption, but it isn’t a given."