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Is Australia adopting crypto besides high inflation?

Originally published: The Coin Republic, 30 October 2022

  • As per the recent report, the annual inflation rate in Australia rose to 7.3% in the third quarter (Q3) of this year from 6.1% in the second quarter (Q2.)
  • Additionally, the IRCI report showed that 28.8% of Australians owned cryptocurrencies as of December 2021.

A Independent Reserve Cryptocurrency Index (IRCI) report, IRCI Australia 2021 states that the ownership of crypto assets rose rapidly by a massive 56% in 2021. 28.8% of Australians said they have owned cryptocurrency, up from 18.4% in 2020.

The following index report was prepared while engaging leading consumer research institutions Pureprofile to conduct a cross-sectional survey to gauge Australian’s crypto adoption with more than 2,000 Australians.

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