85% of Canadians know what is Bitcoin

Home » BITCOIN » 85% of Canadians know what is Bitcoin
2018-07-17
Photo: Oh Canada
85% of Canadians know what is Bitcoin

The Central Bank of Canada published the results of a study of the popularity of Bitcoin in the country, in which 2,500 Canadians took part. The Bitcoin Omnibus Survey was conducted at the end of 2017. 85% of Canada’s population is aware of Bitcoin; at the end of 2016 this indicator was 64%. At the same time, the number of users increased from 2.9% to 5%.

“In the province of Quebec, awareness about Bitcoin has grown more significantly, from 49% in 2016 to 77% in 2017. Among women, 80% know what is cryptocurrency, which is 26% higher than last year. For example, in 2016 75% of men and 54% of women knew what is bitcoin and in 2017 the ratio became 91% against 80%”, the document says.

In 2016 the main objective (39%) of the purchase of bitcoin was the payment of any goods. In 2017, more than half of users (58%) of cryptocurrencies bought it for investment purposes, and only 10% of holders used bitcoin for payments. It is noteworthy that the number of people who believe that bitcoin is a “state” asset has decreased by 40%.

“Actually, there is one more thing keeping me awake at night, which perhaps I should mention, and that is all the noise I keep hearing about cryptocurrencies, especially Bitcoin. There is a lot of hype around Bitcoin, and markets are evolv- ing quickly to allow wider access, including to retail investors. So perhaps you will allow me to make a couple of points. To begin with basics, the term ‘cryp- tocurrency’ is a misnomer—‘crypto,’ yes, but ‘currency,’ no. For something to be considered a currency, it must act as a reliable store of value, and you should be able to spend it easily. These instruments possess neither of these characteristics, so they do not constitute ‘money.’ ” Governor Stephen S. Poloz

CRYPTOCURRENCIES
  • bitcoinBitcoin$5,214.60
  • ethereumEthereum$179.54
  • rippleXRP$0.354577
  • tetherTether$1.00
  • eosEOS$5.80
  • stellarStellar$0.125263
  • litecoinLitecoin$87.79
  • cardanoCardano$0.085893
  • tronTRON$0.030083
  • moneroMonero$69.57
  • iotaIOTA$0.348622
  • nemNEM$0.073122
  • dashDash$132.05
  • neoNEO$12.54
What is Cryptocurrency? How to Use, the Future of Crypto, the History of Bitcoin
Cryptocurrency market is actively developing and expanding. This relatively new industry is causing a lot of questions and attracting a huge number of investors, businessmen and ordinary people. “What is the future of cryptocurrency?”, “How to choose cryptocurrency exchange?”, “How to sell Bitcoins?” “What about cryptocurrency mining”? Millions of people read cryptocurrency news everyday and […]
2019-04-08 0 46
What is Bitcoin?
The cryptocurrency industry is becoming more and more popular all around the world. Despite the fact that there are more than 1000 different cryptocurrencies and the number keeps growing, cryptocurrency is often associated with Bitcoin. Bitcoin is the first modern cryptocurrency in the world; it attracts thousands of users and investors from different countries. Millions […]
2019-03-20 0 45
Bitcoin, Ethereum, Ripple, Monero, Dash, Tron: major differences and features
Investors see different names of cryptocurrencies and the movement of their courses, but typically don’t even know why the digital coins are so popular. Most of us have already Googled “How to buy Bitcoin” or “How to sell Ethereum”. Cryptocurencies are becoming more and more popular: Bitcoin price is fluctuating and its value is not […]
2019-03-19 0 44
What is Blockchain?
“Giving users easy access to many different kinds of digital assets on the blockchain and, particularly, tokens that are linked to assets in the real world, is crucial to seeing blockchain adoption reach the next level, and I applaud Digix Global’s initiative in being the first of many such projects to successfully launch” – Vitalik […]
2019-03-06 0 42
© 2017–2018