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Bank Of Canada Conducted A Research Of Bitcoin Popularity


The Central Bank of Canada published the results of a research of the bitcoin popularity in the country. 2,500 Canadians took part in this interview. 

The Bitcoin Omnibus Survey interview was conducted at the peak of the quotes growth at the end of 2017. Thus, 85% of Canada's population is aware of bitcoin. For comparison, 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 of bitcoin has grown more significantly, from 49% in 2016 to 77% in 2017. Among women, 80% know about the cryptocurrency, which is 26% higher than last year. In general, trends persist. For example, if in 2016 75% of men and 54% of women knew about bitcoin, then in 2017 the ratio became 91% against 80%," the document says.

Note that in 2016 the main objective (39%) of the bitcoin purchase was the payment of any goods. In 2017, more than half of users (58%) of crypto-currencies 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%.

Recently, a group of researchers from Imperial College London and the social investment platform eToro published a report according to which, within the next 10 years, cryptocurrencies will become a common means of payment.