Over 40% of Australian Gen Z and Millennials regret not investing in cryptocurrency a decade ago, according to a new survey from Swyftx. The study of 3,009 people found that almost half of under-35s surveyed wish they had jumped on the crypto bandwagon earlier, followed by property and Big Tech shares.
Bitcoin saw a 23,019% increase in value since 2015, trading at $107,505 on Thursday. Swyftx reports that many younger Australians view crypto as a potential solution to the country’s housing crisis, given Australia’s ranking as the sixth most expensive property market globally.
80% of Australians under 50 regret their investment choices over the past decade, with a growing number of younger investors shifting towards crypto over traditional stocks. Swyftx CEO Jason Titman suggests that proper investor protections will be crucial for sustained momentum in the crypto market.
Gen Z individuals are turning to crypto to supplement their incomes, with 78% of Australian crypto users reporting profits from trading activities in the last year. The age group also reported the highest average profits, with some investors making an average of $9,958.
Read more at Cointelegraph: Young Aussies Say Not Buying Crypto Was Missed Opportunity
