Bitcoin is a type of digital currency in which encryption techniques are used to regulate the generation of units of currency and verify the transfer of funds, operating independently of a central bank. Bitcoins are stored in a digital wallet, which is like a virtual bank account that allows users to send or receive bitcoins and pay for goods or services. Bitcoin is anonymous, meaning that, while transactions are recorded in a public log, the names of buyers and sellers are never revealed.
22% Yes |
78% No |
18% Yes |
68% No |
4% Yes, but it should not replace our national treasury-backed currency |
4% No, classify it as a commodity |
0% Yes, and all countries should switch to a blockchain currency like Bitcoin |
3% No, it provides too high of risk for criminal activity |
2% No, and it has no intrinsic value |
See how support for each position on “Bitcoin” has changed over time for 22.9k Canada voters.
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See how importance of “Bitcoin” has changed over time for 22.9k Canada voters.
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Unique answers from Canada users whose views extended beyond the provided choices.
@3YLJ7JL3yrs3Y
Yes, so income from bitcoin transactions can be added to other income and taxed appropriately.
@52N284L3yrs3Y
I don't trust imaginary money generated by a random number generator.
@4WJKYBQ3yrs3Y
The government should have no say in what does or doesn't constitute a currency
@8SQL99P3yrs3Y
No, it’s too unpredictable to be trusted
@8SX7FGB3yrs3Y
No, it is too energy-consuming.
@8RG8HQ33yrs3Y
Yes, but Canada should continue to pursue developing its own cryptocurrency
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