The Bank of Canada continues to use the Bitcoin Omnibus Survey (BTCOS) to monitor trends in Canadians’ awareness, ownership and use of Bitcoin and other cryptoassets. The most recent iteration was conducted in late 2018, following an 85 percent decline in the price of Bitcoin throughout the year (Chart 1). In 2017, almost half of Bitcoin adopters reported investing as their primary reason for owning it, meaning that the dramatic decline in price could have implications for whether Canadians continue to own Bitcoin and, if so, how they use it. The Bank of Canada’s main interest in monitoring Bitcoin adoption is to ... (full story)