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<p class="is-style-lead">The ASX’s Australian Investor Study 2023 report has revealed that 15% of investors in the country hold crypto. </p> 
<p class="is-style-default">Next-generation investors (individuals between ages 18 to 24), wealth accumulators (ages 25 to 49), new investors, and intending investors are the most interested in cryptocurrency investments.</p> 
<h2 class="wp-block-heading" id="crypto-still-popular-in-australia">Crypto still popular in Australia&nbsp;</h2> 
<p>Despite the increased regulatory scrutiny in the Australian crypto space partly brought about by Sam Bankman-Fried’s <a href="https://crypto.news/australian-financial-watchdog-had-ftx-under-surveillance-before-its-collapse/">FTX scandal</a> and an uptick in crypto-linked <a href="https://crypto.news/alleged-israeli-crime-syndicates-target-australian-crypto-investors/">scam schemes</a> in the region, new research findings show that digital asset investing remains quite popular among Aussie investors.</p> 
<p>According to an online study of 5,519 Australian adults conducted by Investment Trends, a company focused on delivering actionable insights for the finance sector, on behalf of the <a href="https://crypto.news/australian-securities-exchange-eyes-blockchain-based-tokenized-assets/">Australian Securities Exchange (ASX)</a>, cryptocurrency is the third most popular financial instrument invested in by Aussies in the last 12 months, behind Australian shares and exchange-traded funds (<a href="https://crypto.news/australian-senator-regulators-local-bitcoin-etf/">ETFs</a>).</p> 
<p>In terms of investment decision-making, 42% of respondents stated that “potential return on investment” is their most crucial consideration when investing in a financial vehicle, 35% of respondents chose “potential risk of investment,” while 33% noted that the key factor they look at when investing is their “personal circumstances” at that moment.&nbsp;&nbsp;</p> 
<p> You might also like: <a href=" https://crypto.news/crypto-industry-body-slams-banking-restrictions-in-australia/ "> Crypto industry body slams banking restrictions in Australia. </a> </p> 
<p>Regarding risk appetite, the study found that 67% of Aussie investors prefer stable investments with guaranteed returns. In the same vein, 33% of respondents said they would accept moderate or higher variability investments that offer higher returns, while investors in the accumulation stage and pre-retirees signaled their openness toward higher risk for better returns.&nbsp;</p> 
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 <p>“When asked how they’d respond to a market fall of 20%, only a small percentage of investors showed a tendency to ‘panic sell’ in the event of a strong market downturn. Among all investors, 40% said they would be concerned but would wait before taking action. Over 30% had accepted this as a risk, and 10% said they’d invest more to benefit from lower share or unit prices.” </p> <cite>The <a href="https://www2.asx.com.au/content/dam/asx/blog/asx-australian-investor-study-2023.pdf" target="_blank" rel="noreferrer noopener">Australian Investor Study 2023</a></cite>
</blockquote> 
<p>The study also found that next-generation investors (those within the 18-24 age bracket) were most likely to dump their holdings and move to more secure investments or cash during a severe market dip.</p> 
<h2 class="wp-block-heading" id="the-crypto-numbers">The crypto numbers&nbsp;</h2> 
<p>Despite the prolonged crypto winter, which has triggered a more than 60% drop in the price of bitcoin (<a href="https://crypto.news/bitcoin-price/">BTC</a>), and other digital assets, 15% of the surveyed population said they currently hold crypto.</p> 
<p>&nbsp;Of the 15% currently invested in cryptocurrencies, 9% said they purchased or sold the assets in the last 12 months. Despite their risk-averse nature, the study found that next-generation investors have a high affinity for crypto, with 31% of Aussie crypto investors falling under this category.</p> 
<p>The study also found that more male investors hold crypto than females. About 20% of all male investors currently hold crypto compared to 11% of their female counterparts. Similarly, male investors also pumped more money into cryptocurrency-based investments (a median of $8,300) than females ($1,700).</p> 
<p> You might also like: <a href=" https://crypto.news/binance-delists-popular-pairs-with-australian-dollar-due-to-regulatory-hurdle/"> Binance delists popular pairs with Australian dollar due to regulatory hurdle </a> </p> 
<p>Though many crypto investors across various age groups said they had traded crypto within the last 12 months, cryptocurrencies still represent only a tiny portion of investors’ overall portfolios.</p> 
<p>Specifically, the median value of crypto investors’ cryptocurrency holdings is $5,500 (3% of portfolios). Investors under the wealth accumulators age segment (25 to 49) had the largest crypto portfolio allocations (7%), followed by next-generation investors (6%), with the former also accounting for the highest median ($7,200).</p> 
<blockquote class="wp-block-quote"> 
 <p>“19% of crypto investors invested less than $500, 29% between $500 and $5,000, and 10% had invested $100,000 or more. This distribution suggests that investors still have a certain level of caution regarding crypto.”</p> <cite>The <a href="https://www2.asx.com.au/content/dam/asx/blog/asx-australian-investor-study-2023.pdf" target="_blank" rel="noreferrer noopener">Australian Investor Study 2023</a></cite>
</blockquote> 
<p>Despite the regulatory challenges and high-profile bankruptcies that have rocked the digital assets space in recent months, ASX’s latest research findings strongly indicate that the nascent crypto space is slowly but steadily emerging.&nbsp;</p> 
<p> Read more: <a href=" https://crypto.news/australias-largest-bank-suspends-payments-to-crypto-exchanges/"> Australia’s largest bank suspends payments to crypto exchanges </a> </p>

ASX report says 15% of Australian investors hold crypto

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