{"id":344246,"date":"2021-09-25T19:03:19","date_gmt":"2021-09-25T16:03:19","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/average-aussie-crypto-portfolio-grew-258-in-fy-20-21-survey-reveals\/"},"modified":"2021-09-25T19:03:19","modified_gmt":"2021-09-25T16:03:19","slug":"average-aussie-crypto-portfolio-grew-258-in-fy-20-21-survey-reveals","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/average-aussie-crypto-portfolio-grew-258-in-fy-20-21-survey-reveals\/","title":{"rendered":"# Average Aussie crypto portfolio grew 258% in FY 20-21, survey reveals"},"content":{"rendered":"

“# Average Aussie crypto portfolio grew 258% in FY 20-21, survey reveals <\/strong>”
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The average portfolio size on Australian cryptocurrency exchange BTC Markets has grown from $577.65 (795.5 Australian dollars) to $2,069.16 (2849.5 AUD) in the financial year 2021, signaling a 258.2% increase in portfolio holdings, according to exchange data compiled by Statista on a recent<\/a> BTC Markets survey.<\/p>\n

Data on the survey<\/a>\u00a0shows that the average portfolio size of female and male investors in fiscal 20-21 on BTC Markets was $1,924.30 (2,650 AUD) and $2,214.03 (3,049 AUD), respectively. However, in 2020, the average portfolio size of female Aussie investors exceeded male investors slightly.\u00a0<\/p>\n

Transaction data on the exchange also showed a pattern of growing investment demand with aging. Considering the data<\/a> provided by BTC Market on Australia\u2019s average initial investment, investors above 65 years old have invested roughly $3,158.03, the highest ofall demographics.<\/p>\n

Following an incremental reduction across the various age groups, the youngest cryptocurrency traders, ranging from 18 to 24 years, tend to make comparatively small investments, standing at $792.96 on average.\u00a0While older Australian crypto investors outweigh the new generation in initial investment, the younger crowd shows comparatively more activity in terms of daily trades.<\/p>\n

Related: <\/strong>17% of Australians now own crypto, totaling $8B between them: Survey<\/em><\/strong><\/p>\n

Resonating the findings above, a September report from financial comparison website Finder\u00a0shows<\/a> that one in six Australians own cryptocurrencies, amounting to $8 billion in total investment. The report suggests that, like many other users in advanced industrialized countries, Australians were increasingly viewing cryptocurrencies as a new asset class.\u00a0<\/p>\n

According to Cointelegraph\u2019s report on the matter, Bitcoin (BTC) is the most popular cryptocurrency for the Australian crypto market held by 9% of investors. Other popular investments include Ether (ETH), Dogecoin (DOGE) and Bitcoin Cash (BCH).\u00a0The report showed that, despite the growth in crypto investments, a significant barrier to entry for Australians is the difficulty in understanding crypto and the risks related to volatility.<\/p>\n