‘5% Of Canadians Own Bitcoin’ – Bank Of Canada on bitcoin adoption

‘5% Of Canadians Own Bitcoin’ – Bank Of Canada on bitcoin adoption

bitcoin adoption

Data from the Bank of Canada has revealed that bitcoin adoption and general crypto awareness in Canada is growing. The percentage of Canadian poll respondents who own bitcoin rose from 2.9 percent in 2016 to 5 percent in 2017.

According to a recently released report by the Bank of Canada titled “Bitcoin Awareness and Usage in
Canada: An Update,” Canadians between the ages of 45 and 54 were the group that reported the largest growth in bitcoin ownership over the period.

The report shows that the gender gap for bitcoin ownership increased considerably over the period in question, with female bitcoin owners in Canada remaining at 2 percent of the population, while the male bitcoin ownership figure nearly doubled, jumping from 4.2 percent to 8.1 percent.

Ownership did not only grow in heavily populated provinces with urban centres like Ontario and British Columbia but grew across all provinces. It also showed that the number of holders of small bitcoin amounts has increased by a wider margin compared to that of people holding more than 10 BTC.

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