Young Australians' biggest financial regret: Ignoring Bitcoin at $400

A survey by Swyftx, conducted by YouGov, revealed that nearly half of Australians under 35 regret not investing in cryptocurrency a decade ago, viewing it as a major missed financial opportunity, even surpassing regrets about not buying property or tech stocks like Apple and Amazon. This regret is partly fueled by seeing corporations and pension funds buying Bitcoin (BTC) and Ether (ETH). When Bitcoin was priced between $172 and $465 in 2015, it has since surged significantly. Younger Australians view crypto as a potential solution to housing unaffordability, given Australia's high property prices. The report suggests that younger investors are increasingly favoring crypto over traditional stocks, and this trend is expected to equalize within two years, contingent upon the introduction of proper investor protections and regulation, which is anticipated to unleash significant new investment, similar to the effect seen in the US. Furthermore, Gen Z clients, who have longer investment horizons, are using crypto to supplement income and reported high average profits.

(Source：Cointelegraph)