More than a quarter of Australian crypto users surveyed in October plan to use digital assets as a part of their Christmas presents this holiday season.
The survey by crypto wallet and services provider Crypto.com polled 2,020 Australians aged 18-59. Of those that had used crypto over the past 12 months, 26% responded that they would consider giving some away for Christmas or buying crypto-related gifts.
The survey also found that crypto merchandise such as themed socks or hoodies might be popular gifts this holiday season as 43% of those planning to buy crypto-centric gifts said they were looking for these items.
Around 42% said they were thinking about buying coin vouchers, and 35% were considering buying crypto books. Around a third of those surveyed said they were thinking about gifting non-fungible tokens (NFTs).
Recent high-school graduate Justin El-Sheikh, 18, from Melbourne, is planning to give the gift of crypto this year. He told Cointelegraph that he plans on setting up his friends with a wallet and a small amount of Bitcoin to get them started.
“Heaps of my friends hear about crypto and say that they want to get involved but don’t know how to start. It’s a fun and thoughtful present idea,” he said.
Karl Mohan, General Manager for Asia-Pacific at Crypto.com stated, “Australians are clearly very keen to adopt cryptocurrencies and integrate their use into day-to-day spending,” before adding that Aussies “are gradually increasing their use of cryptocurrency and blockchain technology.”
A September survey of 1,000 respondents by Finder found that one in six Australians now own cryptocurrency, with the total asset value adding up to $US8 billion. Around 9% of Australians surveyed own Bitcoin, 8% own Ethereum, and 5% own Dogecoin.