With Christmas just a few weeks away and the significance of crypto assets rising, a survey suggests Australian citizens plan on utilizing their crypto to purchase Christmas gifts this year. There is plenty of shopping and exchanging of gifts involved during the festive holiday season. While this is nothing new, the use of digital assets to acquire gifts is certainly a new take on the whole holiday spirit.
Cryptocurrencies are being recognized more and more as their utility is increasing. Some countries such as El Salvador, are more serious about the adoption and use of crypto assets like Bitcoin. Australia is also one of those countries where quite a large audience has been intrigued by crypto and now using it for things like shopping for Christmas.
According to the survey, 53% of people are planning to purchase Bitcoin or Ethereum as gifts for their friends and family this Christmas. It seems that the gift-giving spirit has been revolutionized in Australia so far.
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Details to Know About the Survey
Crypto.com, the crypto services provider and crypto wallet surveyed in Australia this October. It centered around 2,020 participants, between the ages of 18 to 59.
26% people out of the participants, who have used crypto assets over the last 12 months, stated that they would either prefer giving some crypto assets as gifts to their loved ones or would purchase crypto-centric gifts for them.
Since a quarter of Australian citizens are planning to give crypto-related gifts to loved ones, the survey suggested that cryptocurrency-themed merchandise, such as hoodies or socks might be popular gifts this Christmas.
The survey also found:
- 35% of participants plan on buying crypto books
- 42% of participants are considering buying coin vouchers
- A third of the participants are considering giving NFTs as gifts
According to another survey conducted in Australia in September, one out of six Australian citizens own crypto.
According to the statement of the General Manager for Asia-Pacific at Crypto.com, Australians are quite intrigued by crypto and are enthusiastic about using it for day-to-day spending.
What Should Crypto Investors and Traders Know?
The use of blockchain technology and digital assets is undoubtedly increasing slowly and steadily in Australia. The utility of digital currencies is increasing, especially that of assets like Bitcoin and Ethereum.
Even though there are price corrections seen for cryptocurrencies from time to time, their utility and significance seem to remain intact.
- Bitcoin is currently trading at $59,776 (at the time of writing)
- Ethereum is currently trading at $4,179 (at the time of writing)
Therefore, if you are also interested in buying any of these assets, make sure you choose one of the lowest fees crypto exchanges.
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