The share of Canadians who owned bitcoin rose to 13 per cent in 2021 from five per cent in 2020, the Bank of Canada said in a survey
More Canadians have become enamoured of cryptocurrencies with bitcoin ownership rising so “sharply” that its ownership demographics are starting to change, according to a commissioned report by the Bank of Canada released Wednesday.
The central bank said easier access to cryptocurrencies also led to more buying. For example, some fintech companies, such as, began making bitcoin available alongside more traditional investment options. A small majority of bitcoin owners did their purchasing via apps rather than web-based exchanges , mining or visiting a Bitcoin ATM, the report said.
The 34-to-54 age group seems to be picking up the slack, with that cohort’s ownership rising to 15 per cent in 2021 from about six per cent in 2020.
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