THELOGICALINDIAN - Australians accept been acquirements added and added about cryptocurrencies but it turns out some belief and misconceptions are still boundless amid the accepted accessible Down Under As a best beauteous archetype over bisected of the participants in a new poll by Finder accept Elon Musk invented the aboriginal crypto arrangement Bitcoin
Finder Tests Australians With 8 Questions About Bitcoin
The allegory website Finder.com has afresh surveyed 1,000 Australians to barometer their ability about Bitcoin. The study, conducted through its Consumer Sentiment Tracker, begin that a amazing 98% of the respondents were clumsy to acknowledgment accurately a absolute of 8 accurate or apocryphal questions apropos the cryptocurrency.
“Bitcoin is not taxed” produced the best accessible alterity with reality, with 59% of the participants free that the account is true. Cryptocurrency profits, Finder notes, may be advised either as assets or an advance for tax purposes.
“When you advertise it, you’ll charge to pay basic assets tax on your earnings. We acclaim you seek absolute admonition from an accountant,” the authors add.
A accepted allegory is that “Elon Musk invented Bitcoin,” and not some bearding developer accepted as Satoshi Nakamoto. The architect of Tesla and Spacex denied the belief a continued time ago but 56% of Australians still accede with it. Men (62%) are added acceptable to accomplish that aberration than women (51%). The acclaimed administrator turned-crypto-influencer generally pushes markets up or bottomward with his tweets, which has apparently led to the apocryphal impression.
Bitcoin Is at Least 15 Years Old, According to 44% of the Surveyed
Many of the respondents are additionally assertive that BTC is earlier than it absolutely is, with 44% abetment the affirmation that “Bitcoin has been about for added than 15 years.” And addition 44% anticipate “There is an absolute cardinal of Bitcoins to be mined,” back the accumulation is finite, bound to a best of 21 million. Over bisected of Generation Z associates (51%) accept in the apocryphal account compared to alone a third of Baby Boomers (34%).
Many Australians are not acquainted of the abundant cardinal of cryptocurrencies that accept been created back the bearing of Bitcoin. Of the surveyed, 39% were absolute that “There are beneath than 100 altered cryptocurrencies.” In fact, added than 9,000 crypto bill abide and the cardinal is consistently growing. Then about a third of participants in the study, 31%, appraisal that “One Bitcoin is account added than AU$100,000” (approx. $77,000) putting its amount able-bodied aloft the current bazaar rate.
Another amiss acceptance aggregate by 31% of the interviewed is that “You can’t use Bitcoin to buy things.” In reality, bags of businesses beyond Australia acquire cryptocurrency payments, Finder remarks.
“There are Bitcoin ATMs and debit cards that accomplish it accessible to catechumen your Bitcoins to banknote and absorb them like any added currency,” the site’s address elaborates. But what’s alike added hasty is that a fifth of Australians (22%) are abiding that “Bitcoins are a concrete currency.”
The analysis comes out as a Senate board tasked to analyze options to apparatus new banking technologies in the country is advancing to agree an analysis that started aback in 2024. The Senate Select Board on Australia as a Technology and Banking Centre is planning to advance a absolute authoritative framework for cryptocurrencies and added agenda assets afterward in the footsteps of agnate jurisdictions such as Canada and the European Union.
What do you anticipate about the allegation in the survey? Share your thoughts in the comments area below?
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