February 5, 2023

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With 90% of Australians having heard of it, Bitcoin tops the charts as the cryptocurrency with the broadest popularity level in the country.

Even in the midst of crypto winter, Australia is still in favor of Bitcoin. 

The review of crypto users opinion

According to a survey of 2,000 Australians conducted by the IRCI, Bitcoin is the most popular cryptocurrency in terms of possession, identity, and usage.

According to the report, Australians continue to believe in BTC and even elderly people are strengthening their loyalty to the digital currency.

According to the survey, 92% of Australians under the age of 18 have known of crypto, much more than the year before.

Consistent with this, ninety percent of responders have known a lot about Bitcoin already.

On the other hand, the population over 65 has seen a 93.5% increase in Bitcoin awareness, showing how quickly those of the baby boomer generation are becoming acquainted with BTC.

The decline of interest in crypto among youngsters

Despite a 50% price drop in early Fall, BTC maintains its status in Australia. According to reports, Australians believe in the potential of cryptocurrency.

One report claims that Australia’s crypto enthusiasts are more bound up to cryptocurrency use, with general acceptance and assurance in the future of the sector staying high-pitched.

The metrics are used by popular Australian podcaster Stephan Livera to prove Bitcoin’s rightful place at the top. Developers and educators of Bitcoin help it to withstand market cycles.

Even the examination respondents do not own individual cryptocurrencies, so they are less likely to be biased in their value growth predictions.

Forty-three percent of respondents guess that Bitcoin will cost more than $30,000. 

The crypto-asset slump is happening even after the era of Bitcoin. However, as evidenced by the fastest decline of crypto assets, young people appear to be losing interest in cryptocurrencies.

Over the past year, overall crypto ownership has dropped slightly from 28 points 8 to 25 points 6%.

The market calamities have destroyed the trust in crypto among younger generation and it might a lot of time to restore it.

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