Cryptocurrencies ‘Not a Fad,’ Says Federal Minister

A representation of the virtual cryptocurrency Ethereum is seen among representations of other cryptocurrencies in this picture illustration taken on June 14, 2021. Edgar Su/Illustration/Reuters

The Minister for the Digital Economy, Jane Hume, has said that cryptocurrencies are “not a fad.”

In a speech on Monday at the AFR Super and Wealth Summit, Hume stated that with 17 percent of Australians investing in cryptocurrency, it is “an asset class that has captured hearts and minds” of Australians.