Bank Of Canada Reports That 5% Of Canadians Have Bitcoins

Data from the Bank of Canada and the Ontario Securities Commission showed that bitcoin adoption and general awareness of cryptography in Canada is growing steadily, and the percentage of respondents from the Canadian survey who have bitcoin increased from 2.9 percent in 2016 to 5 percent in 2017.

The Bank of Canada’s report shows that the gender gap in the ownership of bitcoins has widened significantly over the period in question, while bitcoin women-owners in Canada remain at 2 percent of the population, while bitcoin male owners almost doubled, from 4.2 percent to 8 1 percent. It is important to note that property not only grew in densely populated provinces with urban centers such as Ontario and British Columbia. It also showed that the number of holders of small Bitcoin sums increased by a wider margin than people owning more than 10 BTC.

According to a survey that was conducted in March 2018, 35 percent of crypto holders reported that they had made their first purchase of cryptocurrency in the previous three months, and another 37 percent said they had received cryptocurrency the first time in the past year. Only 27 percent indicated that they acquired their cryptography more than a year ago, which means that 72 percent of the crypto holders in Ontario have been bought in the last year. It tells a significant story about the growth in the adoption of cryptography in the most populous province of Canada.