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Adoption: Study Shows 31% Of Young Australians Traded Crypto

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A financial research company, Investment Trends, conducted a new study on behalf of the Australian Securities Exchange (ASX) and the study has revealed that young Australians are highly interested in crypto investment.

It also showed that 46% of “next-generation investors” (investors between 18 and 20 years old) said they preferred stable returns, while 31% invested in digital assets.

The study revealed that despite their strong dislike for risk-taking, almost one-third of young Australian investors have traded digital currencies or hold active crypto portfolios. It further suggests that while young Aussies show more interest in crypto investment, the 25-40-year-olds hold the most digital assets.

ASX Australian Crypto Investor Report

The ASX evaluated Australian investors’ attitudes towards investment risks by age group. The regulator wrote that “The apparent financial conservation of younger investors is at odds with their level of cryptocurrency investment.”

The evaluators revealed that younger people invested in virtual currency due to the desire to do things differently from their parents. They also observed that most of the 1.2 million new investors who held investment portfolios since 2020 are tech-savvy and have social media connections.

Furthermore, the study stated that the median cryptocurrency holding for “next-generation investors” is $2,700. The amount represents 6% of their total portfolio, double the 3% crypto holding for all other investor age groups.

While young investors held the most crypto proportional to their portfolios, the “wealth accumulators” (investors aged 25-49) owned the most. The portfolio of wealth accumulators accounted for 69% of the total investment in digital assets.

Meanwhile, older investors aged 50 and above accounted for only 19% of the overall crypto holdings. The latest report

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Author: Kent Glory

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