Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/322406 
Year of Publication: 
2025
Series/Report no.: 
Bank of Canada Staff Discussion Paper No. 2025-4
Publisher: 
Bank of Canada, Ottawa
Abstract: 
We provide an update on cryptoasset ownership in Canada using data from the Bitcoin Omnibus Survey conducted in late 2023. Bitcoin ownership remained stable at around 10% in 2023 and continues to be concentrated among men, younger individuals and those with higher income and levels of education. The use of Bitcoin for payments remains limited, with most owners viewing it primarily as an investment. Despite growing awareness of alternative cryptocurrencies, Bitcoin remains the dominant holding among Canadians, with a median value of Can$500.
Subjects: 
Bank notes
Digital currencies and fintech
Econometric and statistical methods
JEL: 
E4
C81
O51
Persistent Identifier of the first edition: 
Document Type: 
Working Paper

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