Only 34% of Canadians still believe that crypto “will play a key role in the future,” but 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 holdings 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 its “Crypto Assets Survey 2023” on Nov.
The survey results reflect a general pessimism toward crypto in the country’s population, which could be due to the period when the research was done.
Related: Digital Canadian dollar fails to impress despite high awareness
Fewer Canadians own crypto assets than a year ago, dropping from 13% in 2022 to 10% in 2023.
Despite the pessimism, 39% of respondents claimed their crypto portfolio is profitable, which is only slightly less than in 2022 (46%).
The most common reason for buying crypto remains consistent.