Survey: In Australia, investors put stocks and Bitcoin on a level playing field

In Australia, supporters of stocks as an investment vehicle were only 3 percentage points more numerous than followers of cryptocurrencies. The findings come from researchers at TradingView, CoinDesk reports.

The survey drew 2,134 respondents. They were split into two groups based on experience in financial markets: up to five years, and longer than that.

In the first group, cryptocurrencies were chosen by 65% of respondents, stocks by 60%. Among more experienced participants, the gap widened to 10 percentage points in favour of traditional financial instruments.

Cash in fiat currency placed third in both groups (34% and 32%, respectively).

Even fewer points were attributed to other options: exchange-traded funds, foreign currencies, derivatives, commodity and commodity-related contracts, real estate, and bonds.

A TradingView spokesperson in Australia, Glenn Liz, said the results indicate an increased level of investor knowledge compared with the previous bull market in 2017.

“The survey shows a higher level of trust in digital assets. The current momentum has a high likelihood of lasting for a long period.”, he predicted.

In February 2021, Piplsay’s survey showed that 41% of Britons regarded the risks of investing in digital assets and equities as equal.

In April, Gemini, the bitcoin exchange, showed that two-thirds of Americans were interested in cryptocurrencies.

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