Crypto ownership in Canada slips in 2023, but average value of holdings rises
Only 34% of Canadians still believe that crypto “will play a key role in the future,” though the number of those able to give a basic definition of digital currencies has risen slightly. The number of crypto hodlers in Canada dropped slightly in 2023, but the average value of their holding s rose significantly. However, 77% of respondents regret investing in crypto assets, according to a survey published by the Ontario Securities Commission (OSC). The OSC published a “Crypto Assets Survey 2023,” on Nov. 29, conducted in partnership with Ipsos at the end of May. The survey interviewed 2360 Canadians, selected to reflect the accurate proportion of the country’s population by gender, age and region. Perhaps due to the period when the research was done, its results reflect a general pessimism toward crypto in the country’s population. While the number of Canadians able to give a basic definition of crypto rose from 51% in 2022 to 54% in 2023, only 34% of them now believe that crypto “wil...