Investor Study Report 2021-2022 | The State of Play in the Australian Cryptocurrency Market | BTC Markets

BTC Markets (one of Australia's largest crypto-currency exchanges) has published an Investor Study Report today.

Observations:

  • Cryptocurrency was a more popular investment than precious metals and fixed income.
  • Majority of investors have diversified investments in other asset classes (only 23% have crypto-only investment portfolios)
  • Majority of investors are between ages of 25-44 (69%) - but portfolio size and deposit size increases with age.
  • Investors in younger age groups were more likely to move assets off the exchange into cold wallets
  • BTC Markets is calling out for tailored regulation - Cryptocurrencies are currently not considered to be a financial product in Australia.

It's also encouraging that most investors are in it for the long term: "A substantial percentage of respondents (43 per cent) say they plan to buy and hold (more popularly known as HODL in crypto terminology) their crypto investments."

/r/CryptoCurrency Thread Link - btcmarkets.net