Mark Rendell
Mark Rendell
Covering the Bank of Canada, finance and economics for The Globe and Mail’s @globebusiness. mrendell@globeandmail.comSource
Toronto, Ontario
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Bitcoin investors tend to have low financial literacy, according to BoC research

Bitcoin investors tend to have low financial literacy, according to BoC research

Canadian bitcoin owners tend to have low levels of financial literacy while being exposed to elevated levels of financial risk, according to new Bank of Canada research. Based on a series of surveys, central bank researchers found that around 5 per cent of Canadians owned bitcoin between 2018 and 2020. That ownership was “concentrated among young, educated men with high household income and low financial literacy,” the researchers said in a paper summing up the survey results released this week.The researchers found that bitcoin owners tend to have a greater knowledge of how bitcoin...

Apr 20
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