Australian Crypto Ownership Drops Following Market Fluctuations in 2022: Research

Australian Crypto Ownership Drops Following Market Fluctuations in 2022: Research
A physical banknote and coin imitations of the Bitcoin crypto currency, taken in Istanbul on July 19, 2021. Ozan Kose/AFP via Getty Images
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New research shows fewer Australians are embracing cryptocurrencies (crypto) following the plunges in their value in 2022. However, the sharp fluctuations in prices have not deterred a proportion of the population from getting in deeper into crypto.

According to a new report by the digital currency exchange Independent Reserve, the Independent Reserve Cryptocurrency Index (IRCI), which measures the level of awareness, trust, confidence and adoption of digital currencies among the Australian population, dipped from 54 to 45 in 2022.
Alfred Bui
Alfred Bui
Author
Alfred Bui is an Australian reporter based in Melbourne and focuses on local and business news. He is a former small business owner and has two master’s degrees in business and business law. Contact him at [email protected].
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