{"id":186431,"date":"2018-10-24T17:00:43","date_gmt":"2018-10-24T21:00:43","guid":{"rendered":"https:\/\/insidebitcoins.com\/news\/adoption-is-real-nearly-5-percent-of-canadians-now-own-bitcoin\/186431"},"modified":"2021-08-10T13:19:40","modified_gmt":"2021-08-10T17:19:40","slug":"adoption-is-real-nearly-5-percent-of-canadians-now-own-bitcoin","status":"publish","type":"post","link":"https:\/\/insidebitcoins.com\/news\/adoption-is-real-nearly-5-percent-of-canadians-now-own-bitcoin","title":{"rendered":"\u2018Adoption is Real\u2019: Nearly 5 Percent of Canadians Now Own Bitcoin"},"content":{"rendered":"
\"Canada<\/div>\n

At least four different studies by institutional authorities indicate that between 3 and 5 percent of people in Canada own Bitcoin. \u00a0<\/strong><\/p>\n

\n

Bitcoin Investors Are Spreading in Canada<\/h2>\n

Bitcoinist <\/em>reported<\/a> in July that 500,000 people in Ontario own cryptocurrencies. The findings were revealed in a survey of more than 2,500 Ontarians conducted by the Investor Office of the Ontario Securities Commission (OSC).<\/p>\n

Bylls\u00a0CEO Francis Pouliot\u00a0<\/em>concluded that numerous studies determine that between 3 and 5 percent of all Canadians own bitcoin, urging people to forget FUD and that \u201cadoption is real.\u201d<\/p>\n

\u201cForget FUD Noise. Four Different Studies by Ontario Securities Commission and Central Bank of Canada indicate 3-5% of Canadians own Bitcoin. Adoption is real. Brace yourselves.\u201d<\/p>\n

The main reason cited by survey participants for owning Bitcoin, however, changed from transactional purposes in 2016 to investment purposes in 2017, according<\/a> to one study.<\/p>\n

\n

Forget FUD noise.<\/p>\n

Four different studies by Ontario Securities Comission and Central Bank of Canada indicate 3-5% of Canadians own Bitcoin.<\/p>\n

Adoption is real. Brace yourslves \"?\"https:\/\/t.co\/YUYR1rU9zS<\/a>https:\/\/t.co\/jSdBduFSUF<\/a>https:\/\/t.co\/itda5FgPwr<\/a>https:\/\/t.co\/Ilnc1YKESA<\/a><\/p>\n

\u2014 Francis Pouliot (@francispouliot_) October 23, 2018<\/a><\/p><\/blockquote>\n

According to one of the cited studies by the Bank of Canada, Bitcoin awareness is also steadily rising, from 64 percent in 2016 to 85 percent in 2017.<\/p>\n

A Global Trend<\/h2>\n

Various reports and studies from all over the world reveal that the above is true not only for Canada. In July this year the Wells Fargo\/Gallup Investor and Retirement Optimism Index survey showed<\/a> that around 2 percent of investors in the United States own Bitcoin.<\/p>\n

In terms of their investment intentions, a study conducted by cryptocurrency exchange Bithumb outlined<\/a> that 42.8 percent of cryptocurrency investors intend to \u201chodl\u201d their assets for a long period.<\/p>\n

Europe is also following the trend, as a German Consumer Payment Study revealed<\/a> that 44 percent of German consumers are aware of what Bitcoin 0<\/span>0<\/span><\/span> is. If that\u2019s not indicative enough, even the Crown Prince of Liechtenstein has expressed<\/a> his interest to invest in the world\u2019s largest cryptocurrency.<\/p>\n

Another country which sees serious interest in cryptocurrencies, in general, is Japan. In April a New R25 survey<\/a>\u00a0called \u201cQuestionnaire Survey on Virtual Currency\u201d indicated that 14 percent of young employees in the country invest in cryptocurrencies. What is more, the country has just allowed<\/a> the industry to regulate itself through the Japan Virtual Currency Exchange Association.<\/p>\n

To top it all up, a recent Yale study published by economics Professor Aleh Tsyvinski concluded<\/a> that every portfolio needs to include at least 6 percent Bitcoin.<\/p>\n

What do you think about Bitcoin\u2019s adoption? Don\u2019t hesitate to let us know in the comments below!<\/strong><\/em><\/p>\n

\n

Images courtesy of Shutterstock<\/em><\/p>\n

The post \u2018Adoption is Real\u2019: Nearly 5 Percent of Canadians Now Own Bitcoin<\/a> appeared first on Bitcoinist.com<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"

At least four different studies by institutional authorities indicate that between 3 and 5 percent of people in Canada own Bitcoin. \u00a0 Bitcoin Investors Are […]<\/a><\/div>","protected":false},"author":1075,"featured_media":186434,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":""},"categories":[1],"tags":[],"class_list":["post-186431","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-more-crypto-news"],"acf":[],"yoast_head":"\n\u2018Adoption is Real\u2019: Nearly 5 Percent of Canadians Now Own Bitcoin - InsideBitcoins.com<\/title>\n<meta name=\"description\" content=\"At least four different studies by institutional authorities indicate that between 3 and 5 percent of Canadians own Bitcoin.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/posts\/186431\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"\u2018Adoption is Real\u2019: Nearly 5 Percent of Canadians Now Own Bitcoin\" \/>\n<meta property=\"og:description\" content=\"At least four different studies by institutional authorities indicate that between 3 and 5 percent of Canadians own Bitcoin.\" \/>\n<meta property=\"og:site_name\" content=\"InsideBitcoins.com\" \/>\n<meta property=\"article:published_time\" content=\"2018-10-24T21:00:43+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2021-08-10T17:19:40+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/insidebitcoins.com\/wp-content\/uploads\/2018\/10\/shutterstock_1025736541-640x400-1.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"640\" \/>\n\t<meta property=\"og:image:height\" content=\"400\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Georgi Georgiev\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Georgi Georgiev\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"NewsArticle\",\"@id\":\"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/posts\/186431#article\",\"isPartOf\":{\"@id\":\"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/posts\/186431\"},\"author\":{\"name\":\"Georgi Georgiev\",\"@id\":\"https:\/\/insidebitcoins.com\/#\/schema\/person\/656942c16f28a5099ab340f3a3ba60d5\"},\"headline\":\"\u2018Adoption is Real\u2019: Nearly 5 Percent of Canadians Now Own Bitcoin\",\"datePublished\":\"2018-10-24T21:00:43+00:00\",\"dateModified\":\"2021-08-10T17:19:40+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/posts\/186431\"},\"wordCount\":465,\"publisher\":{\"@id\":\"https:\/\/insidebitcoins.com\/#organization\"},\"image\":{\"@id\":\"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/posts\/186431#primaryimage\"},\"thumbnailUrl\":\"https:\/\/insidebitcoins.com\/wp-content\/uploads\/2018\/10\/shutterstock_1025736541-640x400-1.jpg\",\"articleSection\":[\"More Crypto News\"],\"inLanguage\":\"en-US\",\"copyrightYear\":\"2018\",\"copyrightHolder\":{\"@id\":\"https:\/\/insidebitcoins.com\/#organization\"}},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/posts\/186431\",\"url\":\"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/posts\/186431\",\"name\":\"\u2018Adoption is Real\u2019: Nearly 5 Percent of Canadians Now Own Bitcoin - 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