Quoted from parlinfo.aph.gov.au on
Continuing with the devaluation of money, are you surprised at the high level of people getting out of traditional currency and into bitcoin? .... Some people have trust in an algorithm more than that they do in their governments, or at least the architecture of our financial systems and those who are responsible for money.
Mr Comyn : I think the proportion of people who feel that way at this stage is very small.
CHAIR (Tim Wilson): That doesn't mean it can't increase.
Mr Comyn : It doesn't.