Key highlights from the Australian IRCI 2024
- 95% of Australians are aware of at least one cryptocurrency (page 8)
- 25% of Australians view Bitcoin more favourably after the spot Bitcoin ETF approval (page 10)
- 63% of crypto investors hold Bitcoin (page 14)
- 27.5% of Australians own or owned crypto in the last 12 months (page 17)
- 35% of crypto investors put $500 or more per month into crypto (page 19)
- 37% of Australian crypto investors report making a profit on their investments (page 21)
- 15% of Australians wanted to invest in crypto but weren’t able to, due to the economy (page 25)
- 39% of Australians believe crypto will be widely accepted by people and businesses (page 26)
- 69% of Australians consider Bitcoin to be money, a store of value or an investment asset (page 29)
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What is the IRCI?
Now in its fifth year, the Independent Reserve Cryptocurrency Index (IRCI) 2024 is an annual cross-sectional survey of over 2,100 everyday adult Australians, reflecting the gender, age, and geographic distribution of the nation.
The index is a single rating out of 100 designed to reflect four key aspects of Australian attitudes towards cryptocurrency: Awareness, Adoption, Trust and Confidence.
The index moved from 45 to 50 in 2024
The 2023 survey was postponed to early 2024 to capture the impact of the Bitcoin spot ETF, which was approved in January 2024.
The increase reflects greater awareness of crypto, higher adoption, more investors making a profit and an increase in medium-term confidence with a rise in the number of people likely to invest in the next 12 months.
It also takes into account both the optimism that’s been created by Bitcoin’s strong price performance and ETF approval but also the current economic uncertainty with the increased cost of living and rising interest rates.
Australian IRCI 2024 infographics
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