Australian’s Cryptocurrency Holdings Triple in 2018 Despite Bear Market

Must Read

Is It Time For The Fed To Create Their Digital Dollar?

J.Christopher Giancarlo the former Commodities and Futures Trading Commission Chairman thinks so and wants the government to consider...

Drug Lord Loses Access Code To 55 Million Euro Worth Of Bitcoin

The Criminal Asset Bureau (CAB) has managed to seize twelve accounts associated with the drug lord. These 55...

Ripple 2025: Long Term Investment Is The Best Option

Ripple by the year 2025 is going to rise to $4.50 with the average at $2.25, and the...
5d85c99dd353c-bpfull
Steve Anderrson
Steve Anderson is an Australian crypto enthusiast. He is a specialist in management and trading for over 5 years. Steve has worked as a crypto trader, he loves learning about decentralisation, understanding the true potential of the blockchain. Join the official channel of thecoinrepublic, For the latest news updates: https://t.me/thecoinrepublic

In the year 2018 was born the market in three folds and has increased Australia’s Crypto Holdings, According to a survey conducted by Finder-backed brokerage firm HiveEx, the number of people who are holding cryptocurrencies in Australia has nearly tripled in the year 2018 despite the bear market.

The cryptocurrency market has crashed from the height of the crypto mania, interest for cryptocurrencies is growing at a rapid pace in Australia. According to HiveEx, there are different reasons behind the growing interest of cryptocurrencies in Australia and different people have a different purpose behind cryptocurrency investment like

  • 50% respondent are holding cryptos as an investment
  • 34% are holding because of fear of missing out (FOMO)
  • 26% are saving for retirement
  • 65% of those who do not have any cryptocurrency said that they do not understand the concept of cryptocurrency or it is too difficult to use them.
  • One in every five Australian believes that cryptocurrency is a scam. The same numbers of Australian think that crypto is a bubble which will soon bust.
  • Participants who do not hold cryptocurrencies are more interested in bitcoins as their first crypto investment.

Recently HiveEx conducted a survey of 2000 people and found 13.5% owned cryptocurrencies while these number at just 5% when the same study was conducted by the firm in January.

Hot News

Is It Time For The Fed To Create Their Digital Dollar?

J.Christopher Giancarlo the former Commodities and Futures Trading Commission Chairman thinks so and wants the government to consider it too. The former regulator...

Drug Lord Loses Access Code To 55 Million Euro Worth Of Bitcoin

The Criminal Asset Bureau (CAB) has managed to seize twelve accounts associated with the drug lord. These 55 million Euro worth of Bitcoin...

Ripple 2025: Long Term Investment Is The Best Option

Ripple by the year 2025 is going to rise to $4.50 with the average at $2.25, and the important prediction is XRP might...

Tezos Prediction For 2021: XTZ Holds Position With Both Bulls And Bears

Tezos might pull of a trick by switching to the Bull rally by the end of this year and continue strongly with the...

Lopez Introduces A New Bill In The Cryptocurrency Industry

Yvonne Lopez introduces bills to create Consumer-Friendly Protections and Regulations in Cryptocurrency Industry. The digital asset business must provide the list of any...

TRON Virtual Machine To Get Three New Features

TRON’s CEO, Justin Sun, tweeted that the TRON Virtual Machine will get three new features as proposal number 32 was approved. Justin Sun...

Drug Lord Loses Access Code To 55 Million Euro Worth Of Bitcoin

The Criminal Asset Bureau (CAB) has managed to seize twelve accounts associated with the drug lord. These 55 million Euro worth of Bitcoin...

Ripple 2025: Long Term Investment Is The Best Option

Ripple by the year 2025 is going to rise to $4.50 with the average at $2.25, and the important prediction is XRP might...

Tezos Prediction For 2021: XTZ Holds Position With Both Bulls And Bears

Tezos might pull of a trick by switching to the Bull rally by the end of this year and continue strongly with the...

Lopez Introduces A New Bill In The Cryptocurrency Industry

Yvonne Lopez introduces bills to create Consumer-Friendly Protections and Regulations in Cryptocurrency Industry. The digital asset business must provide the list of any...

RELATED NEWS

Is It Time For The Fed To Create Their...

J.Christopher Giancarlo the former Commodities and Futures Trading Commission Chairman thinks so and...

Drug Lord Loses Access Code To 55 Million Euro...

The Criminal Asset Bureau (CAB) has managed to seize twelve accounts associated with...

Ripple 2025: Long Term Investment Is The Best Option

Ripple by the year 2025 is going to rise to $4.50 with the...