- Positive sentiment towards bitcoin in Australia has increased following the approval of spot ETFs, a report shows.
- 44% of crypto investors believe the price of the first cryptocurrency will range between $30,000 and $100,000 by 2030.
The interest of Australian residents in bitcoin has increased after the approval of spot ETFs. This follows a report by Independent Reserve, based on the results of a survey of 2,100 people.
The document says that 34% of Australians heard the news about the approval of exchange-traded funds, and 25% of Australians began to treat the first cryptocurrency more favorably after the approval of these products.
A strong increase in positive sentiment was noted among people aged 55 and over, where commitment to digital gold increased by 100%.
The report also said that the Australian Securities Exchange (ASX) is expected to float a bitcoin-ETF in the first half of 2024. 19% of respondents said they would invest in such a product if it were available on the ASX.
“55% of Australians said they would invest in bitcoin through a cryptocurrency exchange, while 45% would prefer to invest through an ETF. Younger Australians prefer direct ownership of cryptocurrency, while older respondents believe ETFs are more reliable,” the report said.
In addition, crypto investors predicted the price of the first cryptocurrency in 2030. 44% believe that the price of the asset will range between $30,000 and $100,000, while 28.5% of respondents said bitcoin will be worth more than $100,000.
Earlier we reported that the number of crypto asset owners reached 580 million by the end of 2023.
