Bitcoin investors tend to have low financial literacy, accordi | 🛡CA Capital Announcements

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.

The researchers found that bitcoin owners tend to have a greater knowledge of how bitcoin technology works than non-owners, but score lower on general financial knowledge questions.

The Bank of Canada's research suggests crypto investors need to be aware of the risks that accompany the asset class.

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