- Jason Titman says that Clearer regulations could bring in more Australian crypto investors.
- A quarter of Australians already own cryptocurrency, with the average profit from trading reaching $8,218.
Jason Titman, CEO of Australian cryptocurrency exchange CEO, Jason titman Swyftx, has noted that millions of potential crypto investors in Australia are hesitant to enter the market due to unclear regulations. Titman predicts that once the regulatory environment stabilizes, between two to six million Aussies will likely venture into cryptocurrency investing.
The report finds that,
“Millennials and Gen Z are particularly sensitive to regulation, with 47% of Millennials and 42% of Gen Z saying they would be more likely to buy digital assets in a well-regulated environment.”
A Quarter of Australians own Cryptocurrency
In addition, the findings suggest that over 900,000 Australians are expected to enter the crypto market for the first time within the next 12 months. Currently, 3.9 million Australians own cryptocurrency, and younger Australians are increasingly using digital assets as part of their retirement planning.