As Australian housing bubble fears grow, a survey reveals a surprising crypto swing

<p>Interest rates at an all-time low have fueled Australia's rapid housing price growth.</p> <p>Bitcoin (BTC) and Ethereum (ETH) have garnered considerable attention in recent months.</p> <p>That is partly due to the fact that they both set new all-time highs in November. And in part as a result of the rapid mainstreaming of cryptocurrency adoption.</p> <p>Even the Reserve Bank of Australia (RBA) and the Australian Treasury are discussing the possibility of launching a Central Bank Digital Currency (CBDC).</p> <p>Now, according to the latest YouGov research commissioned by crypto wealth platform Dacxi, Australians are increasingly turning to crypto to build wealth, with 4 in 10 believing the Australian housing market is in a bubble.</p> <p>Plans to invest in cryptocurrency are increasing in response to concerns about a housing bubble.</p> <p>According to the survey, 30% of Australian adults believe that "crypto will create more value than housing over the next decade."</p> <p>As expected, younger respondents were more optimistic about the future of crypto than older respondents were about the future of housing. 45 percent of Millennials agreed that cryptocurrency would likely outperform real estate over the next decade, compared to only 15% of Baby Boomers.</p> <p>According to those who have previously invested in digital assets, 81% believe crypto will generate more value than real estate over the next decade.</p> <p>According to the survey, 17% of Australians are considering investing in cryptocurrency to save for a down payment on a house, while 56% are doing so to build long-term wealth.</p> <p>Another noteworthy survey finding revealed that 29% of Australians believe it is critical to include cryptocurrency in one's investment portfolio.</p> <p>Ian Lowe, CEO of Dacxi, commented on the survey results and the pronounced differences in responses across age groups.</p> <p>Vanguard has accomplished remarkable things in terms of democratising access to traditional assets, but it has a crypto blind spot