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31% of young Aussies hold crypto despite being ‘risk averse’ — ASX survey

Published 06/20/2023, 01:15 AM
Updated 06/20/2023, 03:00 AM

Despite seeing themselves as more “risk averse” than their older counterparts, nearly a third of all young Australian investors hold or have traded cryptocurrencies over the last year, a new study has found.

In an Australian investor study from the Australian Securities Exchange (ASX), 46% of “next generation investors” — the report’s terminology for investors aged 18 to 24 — described themselves as preferring “stable returns” — yet 31% of them invested substantially in crypto.

Attitude towards investment risk by age group. Source: ASX
Overall crypto investment snapshot for Australian investors. Source: ASX

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