Australia’s Bitcoin sentiment jumps after US spot Bitcoin ETF approvals
The rise in positive sentiment was skewed heavily by those aged 55 and above, where Bitcoin sentiment increased by 100%.
Australian retail interest in Bitcoin (BTC) has increased following last month’s approval of spot Bitcoin exchange-traded funds (ETFs) in the United States, according to a recent survey.
Bitcoin sentiment in Australia was boosted by 25% following the approval, while adoption rates also marginally increased in 2024 — though further adoption was held back by uncertain economic conditions, according to a survey of 2,100 adults in the fifth annual Independent Reserve Cryptocurrency Index, published on Feb. 21.
The rise in positive sentiment was skewed heavily by those aged 55 and above, where favorability towards Bitcoin increased by 100%.
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