Average Australian Crypto Portfolio Grows 258% in FY20-21, Survey Finds

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The average portfolio size on the Australian cryptocurrency exchange BTC Markets increased from $ 577.65 (AU $ 795.5) to $ 2,069.16 (AUD 2,849.5) in fiscal year 2021, reporting a 258.2% increase in portfolio holdings, according to exchange data compiled by Statista on a recent BTC Markets Survey.

Survey data shows that the average portfolio size of female and male investors in FY 20-21 in BTC markets was $ 1,924.30 (AUD 2,650) and $ 2,214.03 (AUD 3,049), respectively. However, in 2020 the average portfolio size of Australian female investors slightly exceeded male investors.

Trading data on the stock exchange also showed a trend in increasing investment demand with aging. Based on data provided by BTC Market on Australia’s average initial investment, investors over 65 invested around $ 3,158.03, the highest of any demographics.

After a gradual reduction in different age groups, the youngest cryptocurrency traders, aged 18-24, tend to make relatively small investments, averaging $ 792.96. the crowd shows comparatively more activity in terms of daily transactions.

Related: 17% of Australians Now Own Crypto, Totaling $ 8 Billion Between Them: Survey

Echoing the above findings, a September report from the financial comparison site Finder shows that one in six Australians owns cryptocurrencies, for a total investment of $ 8 billion. The report suggests that, like many other users in advanced industrialized countries, Australians increasingly viewed cryptocurrencies as a new asset class.

According to Cointelegraphs report on this, Bitcoin (BTC) is the most popular cryptocurrency in the Australian crypto market owned by 9% of investors. Other popular investments include Ether (ETH), Dogecoin (DOGE), and Bitcoin Cash (BCH). The 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 associated with volatility.

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