Canadian Bitcoin Ownership in 2023: Key Takeaways

Daniela Balutel, Marie-Helene Felt and Doina Rusu

No 2025-04, Discussion Papers from Bank of Canada

Abstract: We provide an update on cryptoasset ownership in Canada using data from the Bitcoin Omnibus Survey (BTCOS) 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.

Keywords: Bank notes; Digital currencies and fintech; Econometric and statistical methods (search for similar items in EconPapers)
JEL-codes: C81 E4 O51 (search for similar items in EconPapers)
Pages: 39 pages
Date: 2025-03
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Persistent link: https://EconPapers.repec.org/RePEc:bca:bocadp:25-04

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