Retirees Now Fastest-Growing Crypto Investors in Australia
The post Retirees Now Fastest-Growing Crypto Investors in Australia appeared on BitcoinEthereumNews.com. Bitcoin Baby boomers are emerging as the fastest-growing demographic of Bitcoin investors in Australia, according to a recent ABC News report and a national survey of 2,000 Australians. As crypto becomes more mainstream, older Australians—once considered unlikely participants—are now embracing digital assets, drawn by high returns and the chance to support future generations. Among them are Terry and Justine Sanders, retirees from Brisbane who have seen significant gains from their BTC investments. “It’s going to make a huge difference to our life,” said Terry. “One of the other great joys: we were able to help our children and grandchildren.” Despite their success, the couple said they’ve kept their involvement quiet. “Most people of our age—we don’t tell that we’re doing crypto because the few we told, they thought we had absolute rocks in our heads,” Terry admitted. Siddal Sierra, a crypto investment coach, says over a third of her clients are aged 60 and older. Many are motivated by FOMO and the chance to escape the sluggish gains of traditional investments. “If they’ve come from traditional markets, the percent returns in crypto are quite extraordinary,” she noted. But the trend is not without risks. In 2023, Australians lost $170 million to crypto-related scams, according to the Australian Federal Police. Seniors—often lacking strong cybersecurity literacy—are particularly vulnerable. Terry Sanders emphasized the importance of caution and self-education: “We felt pretty confident that the nasty guys couldn’t get to us,” he said. “A lot of people have come to grief because they haven’t taken proper precautions.”As boomers enter the space, the need for digital safety and education is more urgent than ever. Author Kosta Gushterov Reporter at Coindoo Kosta has been a part of the team since 2021 and has solidified his position with a thirst for knowledge, incredible dedication to his work…
The post Retirees Now Fastest-Growing Crypto Investors in Australia appeared on BitcoinEthereumNews.com.
Bitcoin Baby boomers are emerging as the fastest-growing demographic of Bitcoin investors in Australia, according to a recent ABC News report and a national survey of 2,000 Australians. As crypto becomes more mainstream, older Australians—once considered unlikely participants—are now embracing digital assets, drawn by high returns and the chance to support future generations. Among them are Terry and Justine Sanders, retirees from Brisbane who have seen significant gains from their BTC investments. “It’s going to make a huge difference to our life,” said Terry. “One of the other great joys: we were able to help our children and grandchildren.” Despite their success, the couple said they’ve kept their involvement quiet. “Most people of our age—we don’t tell that we’re doing crypto because the few we told, they thought we had absolute rocks in our heads,” Terry admitted. Siddal Sierra, a crypto investment coach, says over a third of her clients are aged 60 and older. Many are motivated by FOMO and the chance to escape the sluggish gains of traditional investments. “If they’ve come from traditional markets, the percent returns in crypto are quite extraordinary,” she noted. But the trend is not without risks. In 2023, Australians lost $170 million to crypto-related scams, according to the Australian Federal Police. Seniors—often lacking strong cybersecurity literacy—are particularly vulnerable. Terry Sanders emphasized the importance of caution and self-education: “We felt pretty confident that the nasty guys couldn’t get to us,” he said. “A lot of people have come to grief because they haven’t taken proper precautions.”As boomers enter the space, the need for digital safety and education is more urgent than ever. Author Kosta Gushterov Reporter at Coindoo Kosta has been a part of the team since 2021 and has solidified his position with a thirst for knowledge, incredible dedication to his work…
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