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Author: Admin | 2025-04-28
32% holding BTC in 2017.-Motivations for ownership shifted, with ‘investment’ being the primary reason (58%). -Transactors cited buying goods/services (12%) and cost-saving technology (11%).-Payment-related motivations decreased from 39% in 2016 to 10% in 2017.Huynh 2020 [20]CanadaKey findings of the 2018 Bitcoin Omnibus SurveyIndividualCross-sectionalBitcoin users and non-users; Canada; male and female; educational background: highschool—university; income: below USD 30,000-above USD 70,000; employed, unemployed, not in labour force; variety of financial literacy knowledge (low, medium, high), variety of Bitcoin knowledge (low, medium, high); 2018—99 Canadian Bitcoin owners; 2017—117 Canadian Bitcoin owners 18 years or older in Canada-Ownership fell from 4.3 to 2.8 percent among those with household incomes below USD 30,000 and rose from 4.3 to 7.0 percent among those with incomes above USD 70,000, creating an ownership gap that did not exist in previous years. -In contrast, Bitcoin owners reported using it more often for buying goods and M17services and/or making person-to-person transfers in 2018-An overarching trend emerged in 2018 for both types of transactions: Bitcoin adopters are trending toward using Bitcoin more frequently for transactions-Figure 1 and Figure 2 highlight the usage of bitcoin (frequency of transactions—rarely (once a year), sometimes (few times a year to once a month), often (few times a month) and the buying of goods and services (frequency—rarely, sometimes, often) -Frequency of transactions (2017): rarely = 52%, sometimes = 16%, often = 33%-Frequency of transactions (2018): rarely = 41%, sometimes = 13%, often = 46%-Use of bitcoin for buying goods and services (2017): rarely = 58%, sometimes = 11%, often = 31%-Use of bitcoin for buying goods and services (2018): rarely = 48%, sometimes = 12%, often = 40%Balutel 2023 [22]CanadaThe study examines Bitcoin awareness, ownership, usage, holdings, motivations, demographics, and validates technology adoption theoriesIndividualCross-sectionalBitcoin users and non-users; Canada; male and female; educational background: highschool-university; income: below USD 30,000-above USD 70,000; employed, unemployed, not in labour force; variety of financial literacy knowledge (low, medium, high), variety of Bitcoin knowledge (low, medium, high); 18 years or older in Cananda-Cash is still widely held by Bitcoin owners, and only about half of Bitcoin owners use Bitcoin to make payments-Canadians
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