Survey Shows 40% of Canadians Have Sold Their Cryptocurrency

A recent study investigating the investments habits of Canadians found that 40% of Ontario’s resident investors have sold their cryptocurrency holdings. The study put out by the Ontario Securities Commission (OSC) was conducted to measure the habits of those invested in cryptocurrency as well the level of understanding those who invest have of the nascent market. The study which focused on the 14 million person population of Ontario province (over 38% of the countrys overall population) found that just 5% of its residents or about a half of a million adults over the age of 18 are invested in the cryptocurrency market. While 4% in the province had once owned but have now sold off their crypto holdings. The survey found that the demographic most likely to be invested in cryptocurrencies are males between the ages of 18 and 34 of which 14% currently own some type of digital asset.

Overall the study found that Canadians tend to be cautious in their investing habits when it comes to the crypto world. For instance, less than 9% or only about 50,000 people have invested more than CD$9,999 in their digital portfolio. While 90% spent less than $10,000 and 50% less than $1,000. Though ICOs have had a record-breaking year in all respects Canadians, according to this study, have barely bought in. Only 1.5%, or 170,000 people have taken part in any initial coin offerings. This low-interest level may be explained by a general low level of knowledge regarding cryptocurrencies.

Источник: FxTeam