According to a study by the financial technology startup Hardbacon, almost one in three Canadians has invested in digital assets. However, the majority of citizens are concerned about their investments in cryptocurrency, since only 5% of them consider it a safe tool.
So, 28% of respondents said that they have already purchased digital assets. Despite the high percentage, most Canadians do not consider investing in virtual currencies a safe strategy. 21% believe that buying shares is safer, and 65% are sure that government bonds are the safest option.
Interestingly, investing in the so-called Cineplex, AMC and GameStop memes is a growing trend among Canadians, as 13.3% of participants reported that they had diversified their portfolio with their help. This behavior was demonstrated by investors aged 25 to 44 years.
However, Hardbacon believes that buying these shares can be quite risky, since their prices are often fueled by social networks and, therefore, can be very unstable.
Another study showed that residents of the second largest country by land size significantly increased their interest in digital assets last year.
According to the data, over the past 12 months, 20,783 out of 100,000 Canadians have Googled the word "cryptocurrency". Despite the fact that this figure may seem small, it reflects an increased interest of 213% over the year. The United States, considered the most adapted country to cryptocurrency, lags behind with 14,796 similar queries in the world's largest search engine.
It is worth noting that there is a large number of cryptocurrency ATMs in Canada – 1464, according to this indicator, the country is second only to the States. It turns out that there is one cryptomat for every 26,265 people. Given the huge size of the country, there is one such device for every 2,633 square miles.