Cryptocurrency investment in Australia is spreading among the elderly

According to Australian cryptocurrency exchange BTC Markets BTC MarketsThe knowledge of the older generation about investing in crypto-assets is expanding.

Markets saw Bitcoin The country's largest cryptocurrency exchange has seen a surge in users over the past year, due to an increase in the number of older customers using the platform, who increasingly see it as a good investment.

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Seniors' initial deposit is the highest

وسجلت BTC Markets, in its annual investor report, an increase in the number of investors over the age of 65 year by 15%.

As the report shows, this category of investors makes the largest deposits, as its members constitute 5% of the platform's customer base, 325 A trader.

The report indicates that more than a quarter of the investors who use the stock exchange are over the age 44 year, and they enjoy greater financial solvency than others.

On the other hand, the data indicate that the average initial deposit for those above 65 year is the most valuable 3200 dollars, the average cryptocurrency wallet size 3700 dollar.

Low interest in cryptocurrency investing

The main factor that underpins the elderly’s search for investment alternatives such as crypto-assets is the low interest rate and years of experience they have, enabling them to allocate a small portion of their wealth to cryptocurrency.

And for the younger generation aged 18 And24 year, their portfolios and initial deposits are smaller than those of older investors, representing approximately 25% of the total.

The Australian Cryptocurrency Exchange Survey surveyed about 1800 Client, to determine their goal of investing their money in cryptocurrencies.

The result shows that 34% of these people seek early retirement, and23% fear financial loss, while % want 28The remaining % is to diversify its investment portfolio.

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