The number of Australians currently holding digital currencies has seemingly jumped since the start of 2018. In August, cryptocurrency broker HiveEx surveyed 2,000 people, finding that 5% held cryptocurrency; the same survey repeated in January showed that number at 13.5%. 50% of the cryptocurrency owners surveyed claimed their holdings were investments, while 34% said they were afraid of "missing out". Some owners are using it for retirement and paying taxes. Many respondents said improved simplicity could increase their usage, but others revealed they were staying away due to confusion or because they remained sceptical. It must be noted the sample size of this survey remains small.
The number of Australians currently holding digital currencies has seemingly jumped since the start of 2018. In January, cryptocurrency broker HiveEx surveyed 2,000 people, finding that 5% held cryptocurrency; the same survey repeated in August showed that number at 13.5%. 50% of the cryptocurrency owners surveyed claimed their holdings were investments, while 34% said they were afraid of "missing out". Some owners are using it for retirement and paying taxes. Many respondents said improved simplicity could increase their usage, but others revealed they were staying away due to confusion or because they remained sceptical. It must be noted the sample size of this survey remains small.