WebsCrypto
  • News
  • Bitcoin
  • Ethereum
  • Altcoins
  • Markets
  • NFTs
  • Blockchain
  • Business
  • DeFi
  • Regulation
  • Policy
Facebook Twitter LinkedIn Telegram
WebsCryptoWebsCrypto
Crypto Prices
  • News
  • Bitcoin
  • Ethereum
  • Altcoins
  • Markets
  • NFTs
  • Blockchain
  • Business
  • DeFi
  • Regulation
  • Policy
WebsCrypto
WebsCrypto—News—13% Of Canadians Surveyed Own Bitcoin in 2021
News

13% Of Canadians Surveyed Own Bitcoin in 2021

By WebsCryptoJune 11, 20221 Min Read
13% Of Canadians Surveyed Own Bitcoin in 2021
Facebook Twitter Telegram LinkedIn Reddit Email

A new report from the Bank of Canada shows that 13% of the Canadian population owns Bitcoin (BTC) in 2021, up from 5% a year ago.

The bank further stated in its report that the median Bitcoin holdings by Canadians is around C$500 ($393).

It noted that Bitcoin is primarily used as an investment by Canadians and is less used as a payment method due to “high transaction costs” and “enormous volatility.”

Consistent with the rapid growth, the Central Bank of Canada has also acknowledged that cryptoassets are increasingly being integrated into the traditional financial system, such as through the development of crypto derivatives markets, as investment assets or as collateral for loans. This increases the risk that a crypto market “shock” could affect the wider financial system.

Related:  Opensea Implements NFT Safeguards by Checking Project Status Before Accepting Bids
DISCLAIMER: The information provided by WebsCrypto does not represent any investment suggestion. The articles published on this site only represent personal opinions and have nothing to do with the official position of WebsCrypto.
Bitcoin Crypto Cryptocurrency Market
Related News

Venezuelan Regulators Shut Down Cryptocurrency Exchanges, Mining Farms

The Y00ts NFT Project Will Be Migrated to Polygon on March 27

Dogecoin Foundation Releases Major Update to Libdogecoin Toolkit, Supports BIP-39 Seeds and QR Code Generation

Billionaire Tim Draper: Companies Should Hold Bitcoin After SVB Bankruptcy

Circle CEO Warns of Market Anxiety Over ‘Aggressive Regulatory Action’ in US

Mysten Labs Buys Back Equity and Token Warrants from FTX Assets for $96M

The Latest
News March 26, 2023
Venezuelan Regulators Shut Down Cryptocurrency Exchanges, Mining Farms
News March 26, 2023
The Y00ts NFT Project Will Be Migrated to Polygon on March 27
News March 26, 2023
Dogecoin Foundation Releases Major Update to Libdogecoin Toolkit, Supports BIP-39 Seeds and QR Code Generation
News March 26, 2023
Billionaire Tim Draper: Companies Should Hold Bitcoin After SVB Bankruptcy
Markets March 24, 2023
Circle CEO Warns of Market Anxiety Over ‘Aggressive Regulatory Action’ in US
Block 3000

WebsCrypto contains crypto news about cryptocurrencies, bitcoin, ethereum, altcoins and more.

Facebook Twitter Instagram LinkedIn Telegram RSS
News
  • Markets
  • Business
Information
  • Opinions
  • Guides
  • Press Release
  • Sponsored
Services
  • About Us
  • Contact Us
  • Advertise
© 2023 WebsCrypto.
  • Privacy Policy
  • Terms of Service

Type above and press Enter to search. Press Esc to cancel.