It’s Beginning to Look a Lot Like Crypt-mas in Australia

crypto Christmas presents Australia

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Meredith Willson penned the festive classic ‘It’s beginning to look a lot like Christmas’ way back in 1951, but fast forward to 2021 and ‘It’s beginning to look a lot like crypt-mas’, in Australia at least.

A new study by Crypto.com has found that 26% of Aussies are planning to leave crypto-centric gifts under the Christmas tree for loved ones this year.

Researchers from the cryptocurrency exchange and digital wallet provider who quizzed more than 2,000 crypto-friendly Aussies aged between 18 and 59 found that crypto-centric gifts were high on Santa’s list this year.

They found:

  • More than half were considering giving actual Bitcoin and Ethereum as gifts
  • 41.8% would like to gift crypto vouchers and 35.8% crypto books
  • 29.2% are considering buying non-fungible tokens as stocking fillers
Australia crypto Christmas presents
Gifting actual digital currencies came top of the Christmas list for crypto-friendly Aussies.

Aussies keen on increased crypto integration

The findings underline what researchers have known for some time – Australians love crypto and are keen to integrate it into everyday life.

This was highlighted by the fact that some 13% of those who took part in the survey had used crypto to make a payment in the last year.

The research also revealed that not only were they keen to gift crypto to their loved ones, but they were also likely to splurge on crypto presents for themselves.

Crypto-themed items such as hoodies and the obligatory socks top the Christmas fashion list.

Other findings were:

  • 80.9% said security was their number on concern when looking for a suitable place to make their crypto/NFT purchases
  • 65.3% of respondents believed crypto has a use case outside of an investment portfolio
  • Online shopping is going to be the most popular way of Christmas shopping this year, with 67.2% of those surveyed favouring this option

Pain points for crypto

Scams and market volatility were cited as concerns when it comes to buying crypto.

And a lack of acceptance from traditional financial institutions and negative media stories were also pain points for those engaging with cryptocurrency, according to the survey.

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Disclaimer: This article is for informational purposes only and does not constitute financial or investment advice.

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