Skip to main content

Every Fourth Australian Willing to Be Paid in Bitcoin, Poll Finds

Every Fourth Australian Willing to Be Paid in Bitcoin, Poll Finds

A new survey has established that one in four Australians would like to receive at least part of their salary in cryptocurrency. While the motives vary between the members of this diverse group, the results indicate that the Australian nation’s overall interest in decentralized digital money remains strong.

4.7 Million Australians Would Accept Bitcoin Remuneration

The poll has been conducted among 1,000 Australian residents by the comparison website Finder. The company is actually among the first in the country to offer employees the option to take a portion of their remuneration in cryptocurrency. The platform has now found that 24% of Australians, or around 4.7 million, are ready to accept bitcoin (BTC) as part of their salaries.

Every Fourth Australian Willing to Be Paid in Bitcoin, Poll Finds

Of those who would be willing to be paid in BTC, Finder pointed out, 14% have said so because they are convinced it is going up in value, while another 10% admitted a bitcoin payment would help them to invest in digital currency before tax.

Taylor Blackburn, personal finance specialist at Finder, notes that the cryptocurrency has seen impressive growth in the past year, “despite its recent drop and sometimes volatile nature.” Commenting on the outcome of the study, Blackburn further emphasized:

With more Australians looking for inflation hedges, yield-bearing assets and alternative investment opportunities, it’s not surprising that this many people are willing to be paid part of their salary in Bitcoin.

Australian Generation X and Millennials View Crypto Salary as Investment

According to the survey, Generation X Australians are more likely than others to view a crypto salary as a wise investment. 22% of the respondents in this age group think BTC is going to appreciate even more over time, along with 19% of millennials. For comparison, only 1% of baby boomers and 13% of Generation Z share their optimism.

Every Fourth Australian Willing to Be Paid in Bitcoin, Poll Finds

The researchers also discovered that men with higher incomes ($100,000 and above) are more interested in Bitcoin in general. Furthermore, male respondents (21%) are far more likely to accept BTC payments than women (8%) because of their belief the cryptocurrency’s value will increase. 13% of men and 8% of female participants respectively think crypto wages will allow them to invest before taxation.

Despite the positive trends registered in the study, over half of Australians (55%) are still not interested in crypto remuneration. Another 13% fear bitcoin’s volatility which lowers their trust in the cryptocurrency. Finder also notes that 8% of the polled Aussies have stated they need to access all the money they make each payday.

Is your salary partially or fully paid in cryptocurrency? Share your thoughts on the subject in the comments section below.



from Bitcoin News https://ift.tt/3wKjJY6
Labels:

Comments

Post a Comment

Popular posts from this blog

Mt Gox Creditors Updated, Trustee Says Rehabilitation Custodian Is ‘Currently Preparing to Make Repayments’

On August 31, 2022, the Mt Gox trustee Nobuaki Kobayashi explained in a recent letter that the rehabilitation custodian is “currently preparing to make repayments” to Mt Gox creditors. Trustee Updates Mt Gox Creditors — Repayment Date and Exchange Still Unknown Last week speculation and rumors concerning the release of 140K bitcoin ( BTC ) from Mt Gox littered social media platforms and headlines. Bitcoin.com News covered the situation six days ago as a number of people and Mt Gox creditors called the rumors “ fake news .” During that same period of time, a bitcoin whale transferred 10,000 BTC to unknown wallets, and a 2018 annotation , heuristics, and clustering methods show the funds likely originated from the June 2011 Mt Gox hacks. Following the mysterious whale transfer, last Wednesday, Mt Gox published an official update from the court trustee Nobuaki Kobayashi that explains the court is “currently preparing to make repayments” to creditors. Mt Gox creditors have been wait...
Post a Comment
Read more

Fidelity Discusses Bitcoin as Portfolio Insurance — Could Soon Stand in ‘Stark Contrast’ to Path Fiat Currencies Take

Fidelity Digital Assets, a subsidiary of Fidelity Investments, says that bitcoin could be considered portfolio insurance. The firm notes that the cryptocurrency “may soon stand in stark contrast to the path that the rest of the world and fiat currencies may take — namely the path of increased supply, additional currency creation, and central bank balance sheet expansion.” Fidelity Says Bitcoin Could Be Portfolio Insurance Fidelity Digital Assets, a subsidiary of Fidelity Investments, recently published a research study titled “The Rising Dollar and Bitcoin.” The research outlines “how bitcoin could be considered portfolio insurance” as the rising dollar impacts global currency markets. “The strengthening U.S. dollar is wreaking havoc among other countries and may put pressure on the Federal Reserve to soon reverse its tightening monetary actions, something that has precedent based on 1985’s Plaza Accord,” Fidelity explained. In addition, “more monetary debasement may be needed to ...
Post a Comment
Read more

Economists Discuss Russia, China Potentially Developing Gold-Backed Currency That Could Undermine US Dollar

Economists have weighed in on reports that China and Russia may be developing a new gold-backed currency that could undermine the U.S. dollar’s status as the world’s primary reserve currency. Russia and China May Be Developing Gold-Backed Currency Several experts have shared their views on Russia and China potentially creating a new gold-baked currency, Fox Business reported Saturday, emphasizing that China has been buying up huge quantities of gold while Russia was forced off the U.S. dollar due to sanctions imposed on the country following its invasion of Ukraine. The news outlet noted that some experts have cautioned that these moves, along with the closer relationship that has developed between Moscow and Beijing, point to the likelihood of China attempting to launch a gold-backed currency. However, neither Russia nor China has officially confirmed plans for such a currency. Craig Singleton, senior fellow at the Foundation for Defense of Democracies and a former U.S. diplomat,...
Post a Comment
Read more