How much money are Australians making from cryptocurrency?

76% of Aussie cryptocurrency owners reported making a profit from their crypto investments over the last 12 months. The average profit made by Australians buying and selling cryptocurrencies like Bitcoin and Ethereum was more than $10,000. Close to two months of the average national salary.

Aussie parents with children under 18 at home were the most likely to make money from their cryptocurrency trading, with 86% reporting a profit.

On average, they made $12,428. At the top end of the performance range, around 12% of cryptocurrency owners reported making over $30,000 in the 12-month period before the survey.

Cryptocurrency sentiment in Australia

Australians remain sharply divided on whether crypto will overtake fiat currency. A third (33%) of Aussies agreed with the statement that crypto is the future of online financial transactions, while four in ten (43%) disagreed and a quarter (25%) were unsure. Sydneysiders were the most likely to agree – with just under half (43%) of all adults in the city agreeing with the statement that ‘crypto is the future of online financial transactions.’

Aussies aged 65+ are the most likely (46%) to consider cryptocurrency a form of gambling. They are also the most likely (50%) to say they don’t trust digital assets because they don’t think it is well regulated.