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Bitcoin adopters more likely to carry hard cash: Bank of Canada

Recently, the Bank of Canada published its 2018 Bitcoin Omnibus Survey to assess awareness of the king coin and its usage among Canadian citizens. The report utilized logistics regression to analyze the likelihood of Bitcoin awareness and its relation to ownership, since they are both binary events.


On examining the survey data, the report observed that the probability of Bitcoin awareness is affected by age (Awareness recedes with age), gender (females are less likely to be aware) and place of residence (living in regions outside British Columbia). Conversely, the report estimated that Canadians are more likely to be aware of Bitcoin as their education and income increase, as well as if they were able to correctly answer any of the financial literacy questions asked in the survey.


Interestingly, the report also claimed that the likelihood of ownership increases with being unemployed as well. Read More...

#Canada #BTC #Banks

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