Bitcoin is more popular than gold in Australia… “Investors hold 12.6% Bitcoin and 12.1% Gold”


[Blockchain Today Reporter Jihye Han] According to a survey of 2,000 Australian investors, BTC Markets, a cryptocurrency exchange, found that 12.6% of investors owned bitcoin.

CoinDesk cited a survey of BTC Markets, a Melbourne-based cryptocurrency exchange, and reported that in Australia, Bitcoin is a more popular investment target than gold.

Reportedly, 12.6% of respondents invested in Bitcoin and 12.1% invested in gold. In addition, one in three investors responded that they have invested in Bitcoin for the first time since March 2020, when the stock price plummeted due to the COVID-19 pandemic.

Recently, there is a growing perception that investing in bitcoin is a smarter option in the long run than investing in gold, and opinions are still divided on investing in bitcoin and gold.

The US’ Bloomberg News reported on the 18th (local time) that the new king of bonds on Wall Street, Jeffrey Gundrach, said “Bitcoin is better than gold.” Gundrach, also known as the CEO of Doubleline Capital and the king of new bonds, has been a leading gold bullist.

In addition, OCBC’s Bank of Singapore has also emphasized that cryptocurrencies can replace gold as a means of storing value.

However, the perception of negatively viewing cryptocurrency also remains. Dr. Doom, a world-renowned economist and cryptocurrency pessimist, Professor Nouriel Rubini of New York University said on the 23rd. Individual investors who jump into bitcoin will be frustrated.”

In addition, Rakesh JhunJhunwala, known as the Indian version of Warren Buffett, also voiced in favor of the Indian government’s total ban on cryptocurrency. He said that bitcoin is “a speculative product rather than an investment product.” The aftereffects of Bitcoin will outpace the hangover the day after the frenzy party,” he criticized.