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Cryptocurrency adoption in Australia is on the rise, with over 23% of Australians reportedly holding some type of digital asset, based on a latest survey. Bitcoin stays the preferred cryptocurrency, however different digital property like Ethereum, Dogecoin, and Binance Coin are additionally seeing demand from Australian buyers. The pandemic has performed a big position in driving cryptocurrency adoption, as individuals search different investments that provide higher returns. Moreover, the elevated acceptance of cryptocurrencies by big-name firms like Tesla and PayPal has helped enhance their credibility. The way forward for cryptocurrencies in Australia appears vivid.
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