Explaining bitcoin ownership in Canada: Trends from 2016 to 2021
利用加拿大银行调查数据，研究了2016至2021年比特币持有率从5%跃升至13%的原因，包括疫情储蓄和金融科技平台的影响，并分析了持有者的现金持有特征。
Abstract This paper studies the dynamics of bitcoin ownership from 2016 to 2021, using the Bank of Canada's Bitcoin Omnibus Surveys. The estimated rate of bitcoin ownership jumped to 13% in 2021, up from the 5% observed in the previous three years. On one hand, this increase reflected broader economic trends related to increased savings and investment of Canadians during the COVID‐19 pandemic, along with financial technology companies providing accessible and user‐friendly platforms for buying bitcoin. Looking deeper, we use econometric models to quantify several specific ways in which bitcoin became more mainstream as an investment in 2021. Finally, we investigate the high cash holdings of bitcoin owners across time.