According to a recent Ipsos poll, Americans outnumber Canadians when it comes to interest in cryptocurrency use and investment. According to the poll, 24% of Americans would use crypto to purchase items and services, compared to just 18% of Canadians.
Americans are also increasingly using technology in more sophisticated ways, according to a report by Bloomberg. Borrowers can save money by transferring money to friends or relatives in another country.
Given Canada’s relatively tolerant regulatory climate for cryptocurrency investment, the findings may appear to be surprising.
It was the first nation on Earth to legalize a Bitcoin ETF, as well as various creative variants of the instrument. It has also been far quicker than the SEC in providing regulatory clarity to industry marketers, avoiding potential legal problems.
However, public acceptance isn’t contingent on regulatory approval. In the opposite case, it’s conceivable that cryptocurrencies have acquired a terrible reputation in Canada after last year’s freedom convoy protests.
Even after the government began seizing accounts and freezing Bitcoin transactions, the demonstrations received funding through Bitcoin donations.
Regardless matter the origin, this may suggest that Pierre Poilievre has neglected some of his campaign promises. With promises to make Canada the “blockchain capital of the world,” the conservative leadership candidate has repeatedly appealed to crypto enthusiasts.
Millennials are attracted to crypto.
However, the survey revealed that among younger generations all across the world, there was a greater eagerness to utilize cryptocurrencies. Over 25% of individuals in both countries are “somewhat likely” to make a purchase using cryptocurrency in 2018. Meanwhile, 22% of Canadians aged 35 to 49 and 6% of those over age 74 are prepared to follow the trend.
The poll was conducted by YouGov, which interviewed 14,000 internet users from around 20 different countries. Interestingly, the proportions were similar in European nations, but “significantly less” than those in Latin America and Africa.
