75% of the Australian population say that Bitcoin is a bubble that will burst at some point
75% of the Australian population say that Bitcoin is a bubble that will burst at some point
- According to recent investigations, around 73 percent of Australians say that Bitcoin is a "bubble" that will burst at some point.
- This happens despite a radical change in adoption, whereby Australia has the front.
Bitcoin has covered a long way in recent years - for a long time it was considered a "bladder" or rather as a purely speculative asset. But the mood has changed in recent years. Bitcoin has shown that it has a real inner value in view of inflation. Just like Satoshi Nakamoto, Bitcoin showed strength during the global financial crisis. Nevertheless, new studies have shown that the majority of Australians still believe that Bitcoin is a bladder that will burst at some point.
Research by comparison portal Finder that 73 percent of Australians believe that Bitcoin is a "bladder" that will burst at some point. Another forecast shows that 63 percent of the Bitcoin surveyed consider it a "speculative investment". This has been shown by investors who hurry to buy digital assets when prices rise, usually for fear of missing (FOMO). Those who believe that Bitcoin is a bubble expect it to burst at some point with billions of bills.
Although the majority of the respondents of the future were skeptical, 35 percent stated that Bitcoin will end up being more popular than the Fiat currency. Finder financial expert Kate Browne noticed;
While only 17% of Aussies have cryptocurrency, twice as many believe that it will play an important role in the future of currency.
More than half of those who represented this opinion belonged to Generation Z, while 45 percent of the millennials thought that Fiat could be overtaken by Bitcoin in the future. This was not surprising because the younger generation was more open to changes and reforms in the way the governments work.
Australia increasingly pro-crypto
Although the future of crypto is skeptical, the Australians are increasingly shopping in the industry. Mainstream trading platforms are increasingly adding crypto custody and commercial services. The youngest is the online broker Selfwealth. The company is Australia's leading non-banking broker with a considerable assets of $ 51.5 billion.
The company announced that the decision was triggered by a recently carried out survey, in which of 3,500 of its 95,000 investors - 30 percent stated that they had already invested in cryptocurrencies, while 38 percent planned to do this in the near future.
We are happy to be able to tell you that selfwealth will add #krypto #investiert How we the transition from a. Make #parts #handel platform for a platform for wealth formation. Find out everything about our plans here! https://t.co/17fqy8xino
- self -wealth (@_SelfWealth) 12. July 2021
As one of the most trustworthy companies, its integration of crypto will attract new potential customers. The company has already confirmed that it will start with 10 cryptocurrencies before the end of the year.
In a further positive development, the supervisory authorities have obtained the opinion of citizens into a Bitcoin ETF in the past few months. Top regulating authorities have confirmed that Bitcoin seems to meet the standards for an ETF. This will further promote the acceptance of the digital asset among the Australians.
Source: Crypto-news-flash.com
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