A poll recently published by the trading platform Independent Reserve showed that almost 20% of young people in Australia will own cryptocurrencies by 2020.

According to the publication of the Independent Reserve Cryptocurrency Index (IRCI) for 2020, the overall cryptocurrency sentiment in Australia has improved significantly since 2019. In fact, the IRCI survey data shows the 2020 Currency Index for 2020 is 47, which is an increase of over 10% from the previous value. Of the 42 that were published in the 2019 report

The survey, which was attended by 1,100 people from different demographic groups, showed that almost 20% said they own cryptocurrencies. Participants between the ages of 25 and 44 were most likely allowed to own a particular cryptocurrency. As Cointelegraph previously reported, the Australian crypto sector has grown significantly in 2020.

Not surprisingly, IRCI has shown that Bitcoin (BTC) is the most popular virtual currency in Australia, with over 88% of respondents saying they are aware of the largest cryptocurrency by market value. The report also showed equal awareness of bitcoin among men and women, but men were three times more likely to learn about altcoins than women.

In fact, the IRCI survey also showed increasing inequality in the adoption of cryptocurrencies between men and women. Although it was two to one in 2019, the share of cryptocurrency ownership has doubled and is now four to one among men and women.

COVID-19 also appears to have played a role in shaping cryptocurrency sentiment in Australia through 2020. Figures from an IRCI survey show that 34% of respondents have not bought cryptocurrency due to the economic uncertainty caused by the pandemic.

Young people in Australia also appear to have a positive view of Bitcoin in the coming years. More than 40% of respondents aged 25 to 34 are optimistic about the increased use of cryptography in the future.

While broader cryptocurrency rhetoric is dominated by bullish bitcoin predictions, the IRCI report points to a more low-key view among young Australians, most of whom expect BTC to be below $ 30,000 by 2030. However, there were 45 more respondents. The trend is to offer a target price over $ 30,000 in the next decade.

The annual improvement in cryptocurrency sentiment as reported by IRCI is part of 2020 largely favorable for the industry in 2020. In addition to strict rules on privacy currencies, the government has shown a positive attitude towards cryptocurrencies and blockchain throughout the year.

Source: CoinTelegraph