The Rise in Popularity of Crypto in Canada
As more Canadians choose to invest in cryptocurrencies like BTC and Ether instead of sticking to traditional stocks or savings accounts, what began as a trend among tech-lovers is becoming part of everyday investing.
The Bank of Canada’s Bitcoin Omnibus Survey (BTCOS), conducted in late 2023 and published on March 14, indicates ownership of the digital currency stands at about a tenth of the population of the North American country. This is concentrated among younger, educated men with higher incomes, but large investment firms and pension funds are also getting involved.
Crypto platforms — both Canadian and international — are expanding throughout the country. And Canada’s government is building clearer regulations…
