Is cryptocurrency under the Christmas tree?
As per a recent survey, over a quarter of Aussie crypto users intend to buy crypto-related gifts this festive season.
Over a quarter of Australian crypto users polled in October aspire to use digital assets as part of their Christmas gifts this season.
Crypto wallet and services provider Crypto.com surveyed 2,020 Australians between the age group of 18-59. Of those who had used cryptocurrency in the previous 12 months, 26% said they would take into account giving some away for Christmas or purchasing crypto-related gifts.
According to the survey, crypto goods such as themed socks or hoodies may be famous gifts this festive season, with 43 per cent of those intending to acquire crypto-centric gifts looking for these items.
About 42% were taking into consideration buying coin vouchers, while 35% were considering buying crypto books. A third of those polls conducted said they were going to consider offering non-fungible tokens as gifts (NFTs).
Justin El-Sheikh, a recent high school graduate from Melbourne, intends to give the gift of crypto this year. According to reports, he seeks to provide his friends with a wallet and a small amount of Bitcoin to get them started.
“Heaps of my friends hear about crypto and say that they want to get involved but don’t know how to start. It’s a fun and thoughtful present idea,” he said.
"Australians are clearly very keen to adopt cryptocurrencies and integrate their use into day-to-day spending," said Karl Mohan, General Manager for Asia-Pacific at Crypto.com, before adding that Aussies "are gradually increasing their use of cryptocurrency and blockchain technology."
According to a Finder survey of 1,000 people conducted in September, one in every six Australians now holds cryptocurrency, with a total asset value of $US8 billion. Approximately 9% of Australians polled own Bitcoin, 8% own Ethereum, and 5% own Dogecoin.