市场见解

Is Australia on the precipice of mass crypto adoption?

The blockchain technology behind digital tokens continues to evolve
The post Is Australia on the precipice of mass crypto adoption? appeared first on The Motley Fool Australia. –

This year has seen Australian institutions and retail investors increasingly open to crypto investment and transactions.

The Australian Federal Government is working on legislation to regulate the booming crypto market.

And the nation’s biggest bank, 银行及金融 - 澳洲联邦银行 (ASX: CBA), became the first Aussie bank to provide crypto services to its customers just last month. It’s a move many analysts believe other large financial institutions are likely to follow.

November also saw the launch of the first ASX listed crypto exchange-traded fund (ETF), which broke records for a new fund on its first day. While the BetaShares Crypto Innovators ETF (ASX: CRYP) doesn’t invest directly in any cryptocurrencies, it does offer ASX investors exposure to the crypto-sphere by tracking the performance of up to 50 crypto-related companies.

With this rapidly changing picture in mind, the Motley Fool turned to Feroze Medora, director of trading at global crypto platform Gemini APAC, for his insights into what’s happening, and what we can expect next.

Motley Fool: Really the multi-billion-dollar question is, is this the beginning of a country-wide mass institutional crypto adoption in Australia or just a passing fad?

Feroze Medora: Putting the number of institutions already involved in crypto aside, the growing percentage of Australian crypto investors alone can lead us to expect an even larger amount of institutional participation.

We’re at the nascency of not only crypto as an asset class but the technology behind it as well. With the huge potential this space has to offer, it would be safe to say that this is not a passing fad but the beginning of a new era.

MF: What catalysts might speed up mainstream crypto use Down Under?

FM: As it is for the rest of the world, the biggest factor that would enable even further growth for cryptocurrency in Australia is regulatory oversight. While that might not currently be in place, the Australian government has proven itself to be open to establishing the right framework to regulate crypto.

I believe that the government is working hard to establish the right frameworks to set the standard for cryptocurrency firms in the country.

MF: If the Australian government greenlights digital tokens like Bitcoin (CRYPTO: BTC) and Ethereum (CRYPTO: ETH), who would be the winners and losers in the current setting?

FM: Should more institutions adopt cryptocurrencies or the underlying technology, there is a fair chance of there not being any losers per se.

However, as we move closer towards a global consensus on crypto regulations, the only losers would be the non-compliant players who choose not to be responsible participants in the new digital economy.

MF: What’s the biggest trend unfolding in the crypto market our readers should keep a close eye on?

FM: While I would advise every reader to conduct their own research, there is no denying that 2021 was a banner year for non-fungible tokens (NFTs).

This was an important milestone as prior to the NFT boom, blockchain technology became synonymous with cryptocurrencies, with many overlooking the potential of the technology itself. Thanks to NFTs, we saw a new use case for blockchain gain mainstream attention and one can expect to see more new use cases in 2022.

Additionally, this year we also saw more attention given to the environmental impact of cryptocurrencies. As a result, given the innovative nature of this sector, we are seeing more efforts being made to provide sustainable solutions.

Crypto and the environment is a conversation that will not, and should not, end until a solution is reached.

The post Is Australia on the precipice of mass crypto adoption? appeared first on The Motley Fool Australia.

Wondering where you should invest $1,000 right now?

When investing expert Scott Phillips has a stock tip, it can pay to listen. After all, the flagship Motley Fool Share Advisor newsletter he has run for more than eight years has provided thousands of paying members with stock picks that have doubled, tripled or even more.*

Scott just revealed what he believes could be the five best ASX stocks for investors to buy right now. These stocks are trading at near dirt-cheap prices and Scott thinks they could be great buys right now.

*Returns as of August 16th 2021

More reading

Here’s what happened with Ethereum’s (CRYPTO:ETH) record breaking November

Bitcoin just sailed past this important milestone

Here’s how Betashares Crypto ETF (ASX:CRYP) has been performing since its ASX listing

Can Bitcoin reach $100,000 in 2022?

Australia’s first direct Bitcoin and Ethereum ETFs are launching

The Motley Fool Australia’s parent company Motley Fool Holdings Inc. owns shares of and has recommended Bitcoin and Ethereum. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

随时随地,交易世界!

移动APP平台,拥有 12 个市场的 50,000 多种全球上市证券(全球市值超过 70%),直接在您的 Android 或 iOS 设备上即可操作。

与独有的交易理念和投资分析工具相结合,帮助您在我们 12 个全球市场中的几乎所有金融工具上找到可操作的见解,从而帮助您优化交易策略。

推荐给您的朋友

向您的朋友推荐Monex并赠予他们免费使用我们交易工具的机会

我们尊重您的隐私,只会向您的朋友发送一封邮件 

与您的朋友分享

Share on facebook
Share on twitter
Share on linkedin

Monex Trading Tools Access and Usage Terms

The Monex Trading Tools (referred to as ‘tools’ hereafter) are available to you inside your client portal;


To activate access to the tools, you must have a verified and approved trading account and have made a deposit of at least AUD $1000.


An active and funded account with a positive trading balance is required to continue to have access to the tools;


Although the tools are available to you indefinitely, Monex Securities may at it’s discretion disable access to the tools in the future;


Monex securities reserves the right to change these terms and conditions from time to time, as it sees fit, without notice.

Important Notice
iOS & Android App - 12 International Markets & Over 70% Global Market Cap. $0 Brokerage On US Trades. Click Here!