Average Aussie crypto portfolio grew 258% in FY 20-21, survey reveals

According to data from Statista, the average portfolio size of Australian cryptocurrency exchange BTC Markets grew from $577.65 (795.5 Australian dollar) to $2,069.16 (2849.5 Australian dollars) in the financial years 2021. This represents a 258.2% rise in portfolio holdings.

According to the survey data, the average portfolio size for male and female investors in fiscal 20-21 was $1,924.30 (2650 AUD) and $2.214.03 (3.049 AUD), respective. In 2020, however, female Aussie investors had a slightly larger portfolio than male investors.

The exchange’s transaction data also revealed a growing demand for investment with the aging. According to data from BTC Market, Australia’s average initial investment was $3,158.03 for investors over 65, which is the highest among all demographics.

The average investment of the youngest crypto traders is $792.96, after an incremental decrease across all age groups. The older generation of Australian crypto investors is more active than the younger ones in terms daily trades, but they are outnumbered by the newer generation.

Related: 17% Australians own crypto now, totaling $8B: Survey

A September report by financial comparison website Finder, which shows that one sixth of Australians have cryptocurrencies, with an investment totaling $8 billion, is in line with the previous findings. According to the report, Australians are increasingly looking at cryptocurrencies as an asset class, just like other users in advanced industrialized nations.

Cointelegraph’s report says that Bitcoin (BTC), which is held by 9% percent of Australian investors, is the most widely used cryptocurrency in the Australian crypto market. Ether (ETH), Dogecoin(DOGE), and Bitcoin Cash (BCH) are other popular investments. The report revealed that, despite growing crypto investments, an important barrier to entry for Australians was the difficulty of understanding crypto and the volatility risks.

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Eileen Wilson

Eileen Wilson –Technology and Energy My Name is Eileen Wilson with more than 5 years of experience in the Stock market industry, I am energetic about Technology news, started my career as an author then, later climbing my way up towards success into senior positions. I can consider myself as the backbone behind the success and growth of topmagazinewire.com with a dream to expand the reach out of the industry on a global scale. I am also a contributor and an editor of the Technology and Energy category. I experienced a critical analysis of companies and extracted the most noteworthy information for our vibrant investor network.

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