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Author: Admin | 2025-04-27
Who owned Bitcoin remained stable at around 5% from 2018 to 2020, compared to 4% in 2017 and 3% in 2016 -The main reason Bitcoin owners cited for owning bitcoins in the 2019 BTCOS was investment (39% of owners)-Share of Canadians who reported using bitcoin for transactions and transfers a few times a month or more decreased from 2018 to 2019-2019: About half of Bitcoin owners reported that they usually obtained their bitcoins through exchanges on a website or mobile app, while one-fifth reported mining their coins. Remaining Bitcoin owners were split among Bitcoin automated teller machines (ATMs) or directly from other people-The average share of Canadians who own Bitcoin increased from 3% in 2016 to around 5% since 2018; Canadians who were young, male, employed, and had a university degree, high household income and relatively low financial literacy were more likely to own Bitcoin-2% of women reported owning Bitcoin, while among men, ownership nearly doubled from 4.4% in 2016 to 8.3% in 2020-Decreasing proportion of Canadians who reported holding 1 to 10 bitcoins (from 39% in 2016 to 6% in 2019) and 10 or more bitcoins (from 13% in 2017 to 5% in 2018 and 2019). Concurrently, the share of holders with less than 1 bitcoin has increased from 54% in 2016 to 68% in 2017, 87% in 2018 and 89% in 2019.-From 2018 to 2019, the proportion of Bitcoin owners who never used their holdings to buy goods and services or to make person-to-person transfers increased (from 33% to 44% for purchases, and from 42% to 50% for transfers-In 2019, Canadians cited investment as the most common reason (39% of owners) for owning Bitcoin, followed by technology (31% of owners), payments (15% of owners) and anonymity/trust (15% of owners)-In 2019, about half of owners used crypto asset exchanges, either on a website (41%) or through a mobile app (9%). Of the rest, 19% mined their own bitcoins, 9% obtained bitcoins through ATMs, 14% obtained them from friends or family (person-to-person transfers) and 9% used other channels-Web/mobile exchanges are the most preferred way to obtain bitcoinAndreianova 2017 [8]Not specifically
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