Staff discussion papers
Staff working papers
Private Digital Cryptoassets as Investment? Bitcoin Ownership and Use in Canada, 2016-2021We report on the dynamics of Bitcoin awareness and ownership from 2016 to 2021, using the Bank of Canada's Bitcoin Omnibus Surveys (BTCOS). Our analysis also helps understand Bitcoin owners who adopted during the COVID-19 and how they differ from long-term owners.
Cash in the Pocket, Cash in the Cloud: Cash Holdings of Bitcoin OwnersWe estimate the effect that owning Bitcoin has on the amount of cash held by Canadian consumers. Our results question the view that adopting certain new technologies, such as Bitcoin, leads to a decline in cash holdings.
Bitcoin Adoption and Beliefs in CanadaUsing an economic model as well as survey data from the Bank of Canada, we study what factors influence the adoption of Bitcoin in Canada.
Consumer Cash Withdrawal Behaviour: Branch Networks and Online Financial InnovationThe physical network of bank branches is important in how consumers manage their cash holdings. This paper estimates how consumer withdrawal behaviour responds to the distance they must travel to their branch.
Financial System Hub articles
October 12, 2022