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24% of Australians (around 4.7 million) are ready to accept Bitcoin as part of their salaries

According to a survey from comparison site Finder based on 1,000 Australian residents, the platform has now found that 24% of Australians, or around 4.7 million people, are ready to accept be paid in Bitcoin.

24% of Australians (around 4.7 million) are ready to accept Bitcoin as part of their salaries

As such, the survey results clearly show that one in four Australians would like to receive at least part of their salary in cryptocurrency. While everyone’s goals are different, the results indicate that the nation’s overall interest in cryptocurrencies remains strong.

According to that, Finder is one of the first companies in the country to offer employees the option to receive part of their remuneration in cryptocurrency. Of those willing to be paid in BTC, Finder pointed out, 14% said so because they believed it was increasing in value, while another 10% admitted a Bitcoin payment would help them to invest in digital currency before tax.

Taylor Blackburn, the personal finance expert at Finder, noted that the cryptocurrency has seen impressive growth over the past year, despite the recent and sometimes highly volatile nature of its decline:

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

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

The researchers also found that men with higher incomes ($100,000 or more) are more interested in Bitcoin in general. Furthermore, men (21%) are more likely to accept payments in BTC than women (8%) because they believe the value of the cryptocurrency will increase. 13% of men and 8% of women respectively think that crypto salaries will allow them to invest before being taxed.

Despite the positive trends registered in the study, more than half of Australians (55%) are still not interested in crypto remuneration. Another 13% fear Bitcoin’s volatility reduces their confidence in the cryptocurrency. Finder also notes that 8% of Australians polled have said they need access to all the money they make every day.

Disclaimer: Opinions expressed at AZCoin News are not investment advice. Investors should do their due diligence before making any high-risk investments in cryptocurrencies. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. AZCoin News does not recommend the buying or selling of any cryptocurrencies.

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