Latest Survey Shows 1 in 10 Canadians Will Invest in Cryptocurrencies This Year

According to a survey conducted by Caddle in January this year, the reports explicitly show that about 10% of the Canadians who participated in the survey are quite likely to invest in Cryptocurrencies this year.

Caddle is a mobile app, which was launched back in 2015 enabling consumers to save money on groceries, eating out, or shopping, and many other activities just by answering surveys, watching ads and writing reviews.

The survey polled 10,000 Canadians from all across the country, with the bulk of respondents (53.8 percent) born between the year bracket 1978-1996. The primary purpose of the survey was to comprehend and analyze how Canadians see cryptocurrencies as an investment.

Ransom Hawley, CEO of Caddle said,

“There’s a lot of buzz going around with cryptocurrencies, and a lot of things being covered in the news, so [Caddle] wanted to find out what Canadians thought about cryptocurrencies,” 

Another reason for conducting the survey was to evaluate whether or not adding cryptocurrencies to its platform to reward consumers is a worthwhile endeavor, which found that the thirds of the respondents said they would like to see companies–like Caddle–expand loyalty programs by adding cryptocurrencies as a reward for their purchases, said Hawley.

“This survey highlighted that one in 10 Canadians, in the next six months, plan on buying [cryptocurrencies]. In 12 months, a third of Canadians [surveyed] plan on buying cryptocurrencies, which is mind blowing.”

Now the survey may have to go through a summer refresh to see how the numbers have changed. Hawl

“Even if the numbers drop by a third or 50 percent, it’s still a large portion of Canadians that are saying, ‘yeah, I’ll buy [cryptocurrencies]'”

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