Bank of Canada reveals 13% of Canadian citizens own Bitcoin

The Bank of Canada has shared its Financial System Review, with key statistics showing Canadians’ favor of crypto assets. According to the new data, 13% of Canadian citizens owned Bitcoin in 2021, which was up from 5% in 2018–2020.

According to the Bank, this increase occurred following “widespread increases in the savings and wealth of Canadians during the pandemic.” Fintech companies in Canada also began offering cryptocurrencies to invest in alongside traditional products. This expanded the platform for citizens to learn about and invest in crypto, particularly Bitcoin.