A recent survey revealed that cryptocurrency adoption in Australia is on the rise, with over 23% of Australians reportedly holding some form of digital asset.
Bitcoin remains the most popular cryptocurrency, but other digital assets such as ethereum, dogecoin and BNB are also in demand from Australian investors.
The COVID-19 pandemic has played a major role in driving the adoption of cryptocurrencies as people seek out alternative investments that offer better returns.
In addition, the growing acceptance of cryptocurrencies by high-profile companies such as Tesla and PayPal also contributes to their credibility.