Bitcoin statistics Australia 2021
13% of Australians own Bitcoin
We’re reader-supported and may be paid when you visit links to partner sites. We don’t compare all products in the market, but we’re working on it!
The first digital currency and the largest to this day, Bitcoin makes up 60% of the total value of the biggest 250 cryptocurrency coins as of March 2021.
Bitcoin's founding is the stuff of legend: it was created in 2009 under the alias Satoshi Nakamoto - an unknown entity who thought that money shouldn't be controlled by a centralized government or agency.
The first Bitcoin hit the market in July 2010 at a cost of under $0.01. It took three years for the currency to reach over AU$300 in value, which it did in 2013. Since then, Bitcoin has smashed all records – as you can see in the chart below. On March 13, 2021, it reached a record high value of AU$79,022 per coin.
Key statistics about Bitcoin:
- 18.6 million Bitcoin are in circulation as of March 2021.
- Bitcoin is unrestricted — meaning it isn't regulated specifically — in 131 countries out of 257.
- Bitcoin can be mined at home, as long as can afford to run a bank of powerfull computers and provide ample cooling.
- The largest holdings in a single Bitcoin address contains 141,452 coins — or more than US$5.4 billion.
- The total value of all Bitcoin worldwide currently sits at over US $1,386b as can be seen in the chart below.
How prevalent is cryptocurrency in Australia?
A Finder survey of 1,004 Australians conducted in January 2021 revealed that 1 in 4 people (26%) invest in cryptocurrency. That's equivalent to 5 million digital currency investors.
What are Australians investing in?
Bitcoin is the most popular form of cryptocurrency, with 13% of Australians investing in it. This is followed by Ethereum (6%) and Ripple (5%).
Why are Australians purchasing cryptocurrency?
Almost half (45%) of cryptocurrency investors said they purchased digital currency because of its skyrocketing value. This was followed by wanting to diversify their portfolio (19%) and having a hedge against inflation (12%).
Men were far more likely to invest in cryptocurrency, with 29% of men investing compared to only 7% of women. Interestingly, men and women were both equally interested in investing in the future with 8% of both considering it.
How popular is Bitcoin?
- As of March 2021, the average number of confirmed Bitcoin transactions per day over a 30-day period was around 330,000.
- Approximately 2.3 million Redditors subscribe to the r/Bitcoin community.
- In one day, on 29 January 2021, there were over 196K tweets about Bitcoin. Interest on Twitter has been dwindling, with only 76K Bitcoin tweets recorded on 7 February 2021.
- In terms of market capitalisation, Bitcoin is the biggest by far. The second biggest crypto is Etherium which holds just 12% of the total market cap of the top 250 coins compared to Bitcoins 60%.
More guides on Finder
AMD RX 6700 XT review
The Radeon RX 6700 XT is a powerful 1440p graphics card that bridges the gap between Nvidia's RTX 3060 Ti and RTX 3070.
Car loan statistics 2021
Finder research shows 2.7 million Australians have a car loan. Find out how much Aussies are borrowing, and how this has changed over time.
AMD Ryzen 9 5900X review
The Ryzen 9 5900X is a beast of a CPU, but it's not quite "the world's best gaming processor" AMD claims it to be.
Which NRL team has the most free-to-air games in 2021?
How does your favourite team fare with its free-to-air share?
Elon Musk: Transforming Dogecoin from meme to investment
How much influence do Elon Musk's Tweets really have?
AMD RX 6800 XT review
Strong 4K performance and a slate of promising new technologies make the RX 6800 XT the most exciting addition to AMD's line-up in years.
AMD RX 6800 graphics card review
The RX 6800 is a significant step forward for AMD graphics cards, but it's not quite enough to take the crown from Nvidia.
Internet TV streaming statistics 2021
Most Aussies use TV streaming services, but they're not necessarily paying for it, with 44% using a friend or family member's account.
What’s in store for the housing market in Australia in 2021?
Following the November RBA cash rate cut, we round up all the potential influences on the housing market in 2021.
Coronavirus statistics Australia
All the figures on the global progress of COVID-19.
Latest crypto guides
Ask an Expert