Only the Smartest (and Most Foolish) Investors Own Bitcoin: Bank of Canada

A new report from the Bank of Canada has unearthed some intriguing facts about the state of Bitcoin ownership across the country. The report found that about 13% of Canadians owned Bitcoin in 2021 – but that investors of average financial literacy are the least likely of all to buy in.

As the central bank’s survey showed, Bitcoin ownership figures in 2021 were more than double the 5% ownership present from 2018 to 2020. The increase was largely driven by the wider availability of products for purchasing Bitcoin, alongside widespread increases in Canadian savings during the pandemic. Meanwhile, about 90% of Canadians are now aware of Bitcoin’s existence. This broad awareness mimics Grayscale’s survey results last year, which found that 99% of U.S. investors know of Bitcoin.

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