Past and current Bitcoin adopters in Canada

The popularity of cryptocurrencies has continued to increase over the past years, raising serious policy concerns among Central Banks. Given the Bank of Canada’s role in maintaining financial stability, its 2019 Financial System Review identified the evolution of the cryptoasset market as one of six financial vulnerabilities that need to be monitored closely. Currently, in Canada, Bitcoin and other cryptocurrencies are in the early stages of adoption, and the size of this market is not yet large enough to pose significant risks to the financial system. However, this may change quickly. Therefore, it is essential to better understand consumer adoption and usage of Bitcoin and its counterparts over time, along with individual expectations about the crypto market.

Faculty Supervisor:

Joann Jasiak

Student:

Partner:

Bank of Canada

Discipline:

Sociology

Sector:

Finance and Insurance; Manufacturing; Public administration

University:

York University

Program: