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Author: Admin | 2025-04-28
Top Cryptocurrency StatisticsBy the end of 2021, it is estimated that nearly 300 million people worldwide owned some kind of cryptocurrency (crypto.com).Crypto’s worldwide market capitalisation was estimated at $US1.09 trillion as of August 2023 (CoinMarketCap).As of February 2, 2024, Bitcoin makes up 48.6% of the total value of the crypto market (Coingecko).By 2030, the worldwide market is expected to grow by 12.5% in compound annual growth rate (CAGR) (Grand View Research).Estimates show the share of people who owned cryptocurrency in Australia in 2022 was 25.6% (statista)The leading cryptocurrency owned in Australia is Bitcoin (statista).A study by the Australian Securities Exchange (ASX) in 2023 revealed 29% of Australian investors are interested in buying cryptocurrency in the next 12 months (ASX).The study found that 15% of Australian investors currently hold crypto in 2023, with that number rising to 31% for investors aged between 18-24.The study also found that the median amount Australians invested in crypto was $5,100.Similarly, findings from a UK survey conducted by Forbes Advisor showed that those aged 18-34 are twice as likely to own a type of cryptocurrency than those aged 35-54.Crypto ExchangesAccording to Statista, trading volume in the entire cryptocurrency market reached a peak of $US3 trillion on Nov 8, 2021. Cryptocurrency AwarenessAccording to a Forbes Advisor survey conducted in the UK, 90% of respondents had heard of Bitcoin making it the most well-known cryptocurrency. Other familiar coins included:Bitcoin – 90%Ethereum – 50%Dogecoin – 45%Binance Coin – 36%USD Coin – 27%Tether – 26%Solana – 21%Cardano – 18%Legitimacy of Cryptocurrency According to a Forbes Advisor survey conducted in the UK:Almost 67% agree that cryptocurrency is a legitimate form of investment (either strongly or somewhat agreeing with this statement).Almost 17% neither agree nor disagree with that statement.Almost 17% disagree that cryptocurrency is a legitimate investment.Meanwhile, 24% of those who invest in cryptocurrency say they trust it more than traditional investments, while, according to the FCA in the UK, some 60% of crypto holders said that they were happy to trade in the cryptocurrency market despite it being unregulated.Why Do People Invest in Cryptocurrency?According to the same Forbes Advisor survey, there are a range of reasons why people invest in cryptocurrency:It’s an easier way to start investing through an app (42%).It is easier to understand than conventional investments (34%).The investors believe in the message and mission statement behind cryptocurrency (30%).The investors have easier access to money when it is invested in
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