Australians’ knowledge of cryptocurrencies could be improved as more than half of them believe Elon Musk created Bitcoin (BTC), according to a new survey.

The Australian reported on Wednesday that Finder, Australia’s most visited comparison site, surveyed 1,004 Australians to find out more about what they know about cryptography.

According to the survey, 56% of Australians are unaware of the mysterious Bitcoin creator Satoshi Nakamoto and believe that Tesla’s president and founder of SpaceX Musk is the founder of the world’s largest cryptocurrency. A large number of respondents were also unaware that Bitcoin’s supply is limited to 21 million coins, with 44% of those believing that Bitcoin has unlimited access just like paper money.

The survey also shows that many Australians are already using cryptocurrency or looking to enter the industry, with 25% of respondents owning or planning to own a cryptocurrency by the end of 2021. Despite the perceived desire to purchase cryptocurrencies, about 20% of Australians do not Know how to buy, judging from the survey.

The new Finder survey links to the company’s launch of the app-based bitcoin trading service.

Finder co-founder and CEO Fred Shipsta said the new service will help Australians migrate to cryptocurrencies. “We removed all the complications and using the Finder app you can buy bitcoins in three minutes. You register, enter your data, deposit money, that’s it,” he said.

Chipista also predicted that the Bitcoin price would reach $ 250,000 by 2021. “The current downturn is only a short-lived period.” Bitcoin’s price changed because China said something, or Elon said something, or another government said something. ”

Cryptocurrency markets collapsed last week after Musk announced that Tesla would suspend BTC payments on car purchases. The market fell further when the CEO suggested removing BTC from Tesla’s balance sheet in the second quarter of 2021.

Source: CoinTelegraph