Approximately one million Australians will purchase cryptocurrency for the first time over the next 12 months — bringing total crypto ownership in the country to over five million — according to a newly released survey.
The findings
This finding is reinforced by recent comments from the former head of risk at Credit Suisse CK Zheng, who believes the next crypto bull run will be a result of “regulatory clarity” in the United States.
In a comment to Cointelegraph Swyftx co-CEO Ryan Parsons said the report shows there’s clear demand among Australians to purchase and use crypto, but that a “material factor” for crypto hesitancy remains regulation.
“The drumbeat for defined rules is growing and it will continue to grow if adoption of digital assets increases at its current rate. As this report shows, there’s clear demand among Australians to purchase and use crypto. It is imperative we meet this demand responsibly.”
