Are Surveys About Cryptocurrencies Inconsistent?

ATony Richards, Head of Payments Policy at the Central Bank of Australia (RBA), said he did not believe the research firm Finder’s latest survey report in Australia.

Richards, who said that almost one in five Australians invested in crypto money, according to the survey conducted by Finder in August, expressed that he did not believe these results. The published report has been the subject of a nationwide agenda for weeks. The survey results were even discussed at the last Senate Committee in Australia, entering the Technology and Finance Center’s final report in October.

According to the survey, 17% of Australians own at least one cryptocurrency (9% bitcoin, 8% ether, 5% dogecoin), while 13% say they plan to buy it within the next 12 months.

Speaking to the Australian Corporate Treasury Association on November 18, Richards said he found the numbers “a bit illogical”. Richards:

I do not think that the results of the online survey reflect the entire Australian population.


In addition, such as the elderly, rural residents and those who do not have access to the Internet, Richards ‘significant segments of the population’ in the survey ‘not well caught’ talked about.

Another issue that supports Richards’ thoughts is that the Finder’s survey and the YouGov survey commissioned by the Australian cryptocurrency exchange Swyftx contradict each other. In YouGov’s survey of 2,768 adult Australians, the rate of those holding cryptocurrencies was found to be 25%, while in Finder’s survey this rate was approximately 17%. When these percentages are compared to the entire population, according to Finder 4.37 million while the person owns cryptocurrencies, this number is according to YouGov 6.42 million.

Turkey has also gone through this process.

A similar situation has been experienced in our country before for surveys on cryptocurrencies. 20 February 2021 According to the research by the World Economic Forum, in the news made by the mainstream media on Turkey’s fourth place in the world with 16%, It was claimed to be the first in Europe.. As a result of the research, it was revealed that this was not the case, and that the World Economic Forum referred to a research conducted by Statista in 2020.

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