Cryptocurrency in Australia - statistics & facts
While once seen as an online scam with no intrinsic value, cryptocurrency鈥痠s now a digital currency that has become a lucrative investment market in recent years. The鈥痸alue of some of these virtual currencies, of which there are thousands globally, ranges vastly from a couple of cents to tens of thousands of U.S. dollars. Cryptocurrency can be used to purchase goods and services or鈥痶raded on cryptocurrency exchanges. The latter of these uses is responsible for most of the interest in cryptocurrency, with investors looking to make large profits by trading. Globally, the鈥biggest cryptocurrencies based on market capitalization鈥痠nclude Bitcoin, Ethereum, and Tether.
