{"id":87712,"date":"2023-11-30T16:17:57","date_gmt":"2023-11-30T14:17:57","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=87712"},"modified":"2025-09-13T13:33:36","modified_gmt":"2025-09-13T10:33:36","slug":"survey-shows-canadians-rising-disillusionment-with-cryptocurrencies","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/survey-shows-canadians-rising-disillusionment-with-cryptocurrencies\/","title":{"rendered":"Survey shows Canadians&#8217; rising disillusionment with cryptocurrencies"},"content":{"rendered":"<p>The share of Canadians who regret their cryptocurrency investments rose over the year from 68% to 77%, according to a survey by the Ontario Securities Commission.<\/p>\n<blockquote class=\"twitter-tweet\" data-lang=\"en\">\n<p lang=\"en\" dir=\"ltr\">OSC survey follows up on Canadians\u2019 crypto asset knowledge: <a href=\"https:\/\/t.co\/34pwzX7M8k\">https:\/\/t.co\/34pwzX7M8k<\/a> <a href=\"https:\/\/t.co\/XJ3jgUfBGb\">pic.twitter.com\/XJ3jgUfBGb<\/a><\/p>\n<p>\u2014 OSC News (@OSC_News) <a href=\"https:\/\/twitter.com\/OSC_News\/status\/1729894664004645252?ref_src=twsrc%5Etfw\">November 29, 2023<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>The regulator conducted the study in partnership with Ipsos in May\u2013June on a representative sample of 2,360 residents.<\/p>\n<p>Overall, about 10% of respondents reported owning digital assets, down from 13% in the results of the 2022 survey. Back then, 46% of investors said their portfolios were worth more than their initial investments; today, 39% of participants have confirmed this.<\/p>\n<p>During this period, the share of Canadians who believe cryptocurrencies play a central role in the financial ecosystem fell from 38% to 26%. The possibility that this would happen in the future was conceded by 34%, though a year ago the figure had reached 49%.<\/p>\n<p>Only 20% of respondents said they planned to buy cryptocurrencies in the future, down from 31%.<\/p>\n<p>As the main reason for acquiring digital assets, 28% cited speculative investments. That figure was unchanged year on year, while the share viewing cryptocurrencies as long-term investments fell from 29% to 20%.<\/p>\n<p>The survey showed that Canadians&#8217; awareness of crypto assets rose \u2014 54% vs 51% previously said they had basic knowledge. Against this backdrop, the share of respondents who cited insufficient understanding of digital currencies as a reason for not investing fell from 49% to 46%. But the number of those who are not prepared to do so because of potential risks rose from 43% to 49%.<\/p>\n<p>As reported in a US survey, two-thirds of Americans <a href=\"https:\/\/forklog.com\/en\/news\/poll-two-thirds-of-americans-distrust-cryptocurrencies\">expressed distrust<\/a> of cryptocurrencies.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The share of Canadians who regret their cryptocurrency investments rose over the year from 68% to 77%, according to a survey by the Ontario Securities Commission.<\/p>\n","protected":false},"author":1,"featured_media":87713,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[771,167],"class_list":["post-87712","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-canada","tag-research"],"aioseo_notices":[],"amp_enabled":true,"views":"7","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/87712","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=87712"}],"version-history":[{"count":1,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/87712\/revisions"}],"predecessor-version":[{"id":87714,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/87712\/revisions\/87714"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/87713"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=87712"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=87712"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=87712"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}