Canadians Less Likely Than Americans To Invest In Crypto: Poll

Canadians are less likely than Americans to use or invest in cryptocurrencies, according to a new poll.

A survey by Ipsos conducted as part of larger social sciences and humanities research project says 24% of Americans would use Bitcoin (BTC) or other cryptocurrencies to purchase goods and services, compared with 18% of Canadians who were polled.

Americans would also be more likely than Canadians to use cryptocurrencies to avoid cross-border banking fees (19% vs. 14%), shelter their wealth from taxes (17% vs. 11%), and to send remittances across national borders (14% vs. 11%).

Around the world, 35% of internet users surveyed, but just 24% of Americans and 17% of Canadians, said they're likely to invest in Bitcoin and alternatives as a short-term investment.

The online poll conducted of more than 14,000 internet users in 20 countries says potential use is significantly higher among younger generations.

One in four (25%) of Americans and 29% of Canadians aged 18 to 34 said they are somewhat likely to use cryptocurrencies in the next year for purchases. That compares with 22% of Canadians aged 35 to 49 and 6% of those 50 to 74 years old saying the same.

The survey was conducted last November in Australia, Brazil, Canada, France, Germany, England, India, Indonesia, Israel, Japan, Kenya, Mexico, Poland, South Africa, Republic of Korea, Singapore, Spain, Sweden, Turkey, and the U.S.

The online panel cannot be given a margin of error because internet panels are not considered to be random samples.