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Cash in the pocket, cash in the cloud : cash holdings of bitcoin owners / by Daniela Balutel, Christopher Henry, Kim P. Huynh and Marcel C. Voia.: FB3-5/2022-26E-PDF

"We estimate the effect of Bitcoin ownership on the level of cash holdings of Canadian consumers. Bitcoin ownership positively correlates with cash holdings even after accounting for selection into ownership via a control function approach. On average, Bitcoin owners hold 83 percent (in 2018) to 95 percent (in 2017) more cash than non-owners"--Abstract.

Permanent link to this Catalogue record:
publications.gc.ca/pub?id=9.912342&sl=0

Publication information
Department/Agency
  • Bank of Canada, issuing body.
TitleCash in the pocket, cash in the cloud : cash holdings of bitcoin owners / by Daniela Balutel, Christopher Henry, Kim P. Huynh and Marcel C. Voia.
Series title
  • Staff working paper = Document de travail du personnel, 1701-9397 ; 2022-26
Publication typeMonograph - View Master Record
Language[English]
FormatDigital text
Electronic document
Note(s)
  • "Last updated: June 15, 2022."
  • Includes bibliographical references (pages 15-18).
Publishing information
  • Ottawa, Ontario, Canada : Bank of Canada = Banque du Canada, 2022.
  • ©2022
Author / Contributor
  • Balutel, Daniela, author.
Description1 online resource (ii, 32 pages) : charts.
Catalogue number
  • FB3-5/2022-26E-PDF
Subject terms
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