Bitcoin awareness and usage in Canada / by Christopher S. Henry, Kim P. Huynh and Gradon Nicholls.: FB3-5/2017-56E-PDF
“There has been tremendous discussion of Bitcoin, digital currencies and FinTech. However, there is limited empirical evidence of Bitcoin’s adoption and usage. We propose a methodology to collect a nationally representative sample using the Bitcoin Omnibus Survey (BTCOS) to track the ubiquity and usage of Bitcoin in Canada. Furthermore, we construct a test of Bitcoin characteristics to gauge the level of knowledge held by respondents who were aware of Bitcoin, including actual owners. We find that knowledge is positively correlated with Bitcoin adoption. We attempt to reconcile the difference in awareness and ownership by decomposing the transactional and store-of-value motives for holding Bitcoin. Finally, we conclude with some suggestions to improve future surveys on digital currency, in particular, to achieve precise estimates from the hard-to-reach population of digital currency users"--Abstract, p. ii.
Permanent link to this Catalogue record:
publications.gc.ca/pub?id=9.848573&sl=0
| Department/Agency | Bank of Canada. |
|---|---|
| Title | Bitcoin awareness and usage in Canada / by Christopher S. Henry, Kim P. Huynh and Gradon Nicholls. |
| Series title | Bank of Canada staff working paper, 1701-9397 ; 2017-56 |
| Publication type | Series - View Master Record |
| Language | [English] |
| Format | Electronic |
| Electronic document | |
| Note(s) | "December 2017." Includes bibliographical references (p. 18-20). Includes abstract in French. |
| Publishing information | [Ottawa] : Bank of Canada, 2017. |
| Author / Contributor | Henry, Christopher S. Huynh, Kim P., 1974- Nicholls, Gradon. |
| Description | iii, 36 p. : col. charts. |
| Catalogue number |
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| Subject terms | Digital currency Statistics Surveys |