Wednesday, 26 May 2021 11:43

Australians want part of their salary to be paid in Bitcoin: report

By

Despite the risks posed by Bitcoin, many Australians are still considering investing in the cryptocurrency. Men who earn $100k+ are most interested, according to a Finder report.

Despite Bitcoin’s volatile nature, interest in cryptocurrency remains high, with some Australians expressing interest to have part of their salary paid in Bitcoin, according to new research by Finder.

A Finder survey of 1,000 respondents found that one in four (24%) Australians would be willing to have part of their salary paid in Bitcoin.

Of those who would be willing to be paid in Bitcoin, 14% say so because they think it is increasing in value, while 10% say it would help them invest before tax.

The survey (pictured) estimates that 4.7 million Australians are willing to have part of their salary paid in the most popular cryptocurrency.

Taylor Blackburn, Finder personal finance specialist, says cryptocurrency is becoming more mainstream.

“Bitcoin has seen impressive growth in the past year despite its volatility.

“With more Australians looking for inflation hedges, yield-bearing assets, and alternative investment opportunities, it’s not surprising that many people are willing to be paid part of their salary in Bitcoin”.

The research reveals men from a higher income bracket who earn $100K+ are the most interested in Bitcoin.

Men (21%) are more than twice as likely as women (8%) to want to be paid in Bitcoin because its value is increasing, while 13% and 8% respectively say it would help them invest before tax.

The survey shows that 55% of Aussies are not interested in being paid partly in Bitcoin, while 13% say Bitcoin is too volatile and they don’t trust it. For 8% of respondents, they need to access all the money they make each payday.

Bitcoin appears more interesting to Gen X (22%) and millennials (19%) who want to be paid in the cryptocurrency because its value is going up. Only 1% of baby boomers and 13% of Gen Z agree.

Blackburn urges Australians to do their research before buying cryptocurrency or agreeing to be paid partly in Bitcoin.

“Like with any investment, there are risks involved with cryptocurrencies. But with high risk can come high reward.

“Be sure to do your due diligence so you know what you are getting into”, he warns.

According to the panel average on Finder's Bitcoin price predictions report, Bitcoin is set to peak at US$107,484 in 2021 before capping off the year at $94,967. That’s 83% higher than the panel's end-of-2021 prediction from December 2020 of $51,951.

Finder says is one of the first Australian companies to offer its employees the option to take home some of their salary in Bitcoin.


Please join our community here and become a VIP.

Subscribe to ITWIRE UPDATE Newsletter here
JOIN our iTWireTV our YouTube Community here
BACK TO LATEST NEWS here

PROMOTE YOUR WEBINAR ON ITWIRE

It's all about Webinars.

Marketing budgets are now focused on Webinars combined with Lead Generation.

If you wish to promote a Webinar we recommend at least a 3 to 4 week campaign prior to your event.

The iTWire campaign will include extensive adverts on our News Site itwire.com and prominent Newsletter promotion https://itwire.com/itwire-update.html and Promotional News & Editorial. Plus a video interview of the key speaker on iTWire TV https://www.youtube.com/c/iTWireTV/videos which will be used in Promotional Posts on the iTWire Home Page.

Now we are coming out of Lockdown iTWire will be focussed to assisting with your webinatrs and campaigns and assassistance via part payments and extended terms, a Webinar Business Booster Pack and other supportive programs. We can also create your adverts and written content plus coordinate your video interview.

We look forward to discussing your campaign goals with you. Please click the button below.

MORE INFO HERE!

INTRODUCING ITWIRE TV

iTWire TV offers a unique value to the Tech Sector by providing a range of video interviews, news, views and reviews, and also provides the opportunity for vendors to promote your company and your marketing messages.

We work with you to develop the message and conduct the interview or product review in a safe and collaborative way. Unlike other Tech YouTube channels, we create a story around your message and post that on the homepage of ITWire, linking to your message.

In addition, your interview post message can be displayed in up to 7 different post displays on our the iTWire.com site to drive traffic and readers to your video content and downloads. This can be a significant Lead Generation opportunity for your business.

We also provide 3 videos in one recording/sitting if you require so that you have a series of videos to promote to your customers. Your sales team can add your emails to sales collateral and to the footer of their sales and marketing emails.

See the latest in Tech News, Views, Interviews, Reviews, Product Promos and Events. Plus funny videos from our readers and customers.

SEE WHAT'S ON ITWIRE TV NOW!

BACK TO HOME PAGE
Kenn Anthony Mendoza

Kenn Anthony Mendoza is the newest member of the iTWire team. Kenn is also a contributing writer for South China Morning Post Style, and has written stories on Korean entertainment, Asian and European royalty, Millionaires and Billionaires, and LGBTQIA+ issues. He has been published in Philippine newspapers, magazines, and online sites: Tatler PhilippinesManila BulletinCNN Philippines LifePhilippine StarManila Times, and The Daily Tribune. Kenn now covers all aspects of technology news for iTWire.com.

Share News tips for the iTWire Journalists? Your tip will be anonymous

WEBINARS ONLINE & ON-DEMAND

GUEST ARTICLES

VENDOR NEWS

Guest Opinion

Guest Interviews

Guest Reviews

Guest Research

Guest Research & Case Studies

Channel News

Comments