More than 65% believe that crypto can be used outside of an investment portfolio

More than 65% believe that crypto can be used outside of an investment portfolio. As part of Crypto.com’s Survey Report Australia 2021, 2,000 Australian consumers aged between 18 and 59 were asked if cryptocurrencies such as Bitcoin or Ethereum have any use case aside from their investment potential. 11.7% of respondents do not see a use case of cryptocurrencies except as part of an investment portfolio, while 23% could not evaluate the potential of cryptocurrencies.

What is Bitcoin (BTC)?

Bitcoin is a revolutionary new payment network and a new form of electronic money. It’s a digital currency which enables secure and instant financial transactions at dramatically low costs between any two individuals anywhere on the globe. Bitcoin allows its users to transact directly, peer-to-peer, without an intermediary and can be used just like other currencies or assets in exchange for goods or services. Bitcoins are the unit of currency of the Bitcoin payment network. The most used abbreviations for Bitcoin are BTC or XBT.

Bitcoin is the very first cryptocurrency and was founded by an anonymous person or group of individuals, named Satoshi Nakamoto. To this day, Satoshi Nakamoto’s identity and nationality are still unknown. Bitcoin is decentralized. Unlike traditional currencies like the Euro or the US-Dollar, there is no government, institution or other central third party that oversees the issuance and circulation of Bitcoin. That means Bitcoin cannot be censored, manipulated or controlled by a single centralised institution or government. Also, if you store your Bitcoin in a digital, non-custodial wallet, no institution, government or third party is able to lock you out of your funds.

For more information about Bitcoin and other cryptocurrencies visit our Blockchain FAQ section.

How do I get Bitcoin (BTC)?

You can buy Bitcoin and other cryptocurrencies on so-called cryptocurrency exchange platforms, like Binance, Kraken or Coinbase.

Table & Chart Data

Source

Survey/Poll by

Published by

Source link

Region

Australia

Release date

November 2021

Survey time period

October 2021

Additional Notes

Last updated November 20, 2021.

Share

Hot & trending infographics

Cryptocurrencies

Blockchain data made simple

Blocktables is a comprehensive platform for statistics, cryptocurrency data and more. Dive in and explore the fascinating world of blockchain.

Donate Bitcoin

Bitcoin Donation Address

3GoneDxNidxz9xR2DU59kXvuWgPdqdXomw

Copy address
COPIED
3GoneDxNidxz9xR2DU59kXvuWgPdqdXomw COPIED

Donate Ethereum

Ethereum Donation Address

0xC6AE277D925E65AA5Fd43180062c33Eb72e4E6BB

Copy address
COPIED
0xC6AE277D925E65AA5Fd43180062c33Eb72e4E6BB COPIED

Donate BNB (BEP2)

Binance Coin Donation Address (BEP2)

bnb167selhzgs886fdc990tpqet5dw2zq694ssx5ag

Copy address
COPIED
bnb167selhzgs886fdc990tpqet5dw2zq694ssx5ag COPIED