Australians will be Getting Crypto as Christmas Gifts

Key takeaways:

  • According to a study of 2,020 Australians aged 18 to 59, 26% of those polled were contemplating crypto-related products as Christmas presents.
  • The majority of individuals shopping for crypto presents, or 53 percent, indicated they would consider buying Bitcoin (BTC) or Ethereum (ETH) for their friends and family this Christmas.

Over a quarter of Australian cryptocurrency users surveyed in October said they want to give digital assets as Christmas gifts this year.

Crypto.com, a cryptocurrency exchange, and services provider polled 2,020 Australians aged 18 to 59. 26 percent of respondents who had used bitcoin in the previous year indicated they would consider giving some away for Christmas or buying crypto-related items.

Australians Will Be Getting Crypto As Christmas Gifts
Australians will be Getting Crypto as Christmas Gifts

Apart from purchasing these crypto-assets directly, some of those eager to buy crypto-related gifts also mentioned that they would buy crypto items as gifts. Some of them stated that they are already on the lookout for crypto-themed socks and sweatshirts to give as gifts.

The majority of individuals shopping for crypto presents, or 53 percent, indicated they would consider buying Bitcoin (BTC) or Ethereum (ETH) for their friends and family this Christmas.

Surprisingly, a third of those polled stated they were considering giving NFTs to their spouses, indicating the space’s growing appeal. Coin coupons and crypto books are two more crypto-related presents cited by respondents.

Carl Mohan, general manager of Crypto.com’s Asia-Pacific region, claimed that more Australians are increasingly incorporating cryptocurrency into their “day-to-day spending.”

Justin El-Sheikh, a recent Melbourne high school graduate, plans to offer the gift of cryptocurrency this year. He wants to give his buddies a wallet and a reasonable amount of Bitcoin to get them started, according to sources.

In his words, 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”. 

“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 the country’s use of cryptocurrency and blockchain technology is progressively expanding.

One in every six Australians already owns cryptocurrencies, according to a Finder study of 1,000 people conducted in September, with a total asset worth of $US8 billion. Approximately 9% of Australians hold Bitcoin, 8% own Ethereum, and 5% own Dogecoin, according to the survey.

Aadrika Sharma
Aadrika Sharma

I enjoy writing and try to learn new things every passing day!

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