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Mieux comprendre le niveau d’adoption des cryptoactifs au Québec

Author

Listed:
  • Thierry Warin
  • Nathalie de Marcellis-Warin
  • Robert Normand
Abstract
→ Summary of results Cryptoassets are growing exponentially within the global economy. Crypto-currencies represent the main component of cryptoassets, the best known of which is Bitcoin. Cryptoactives share many of the features of cryptocurrencies but there is usually a second layer of functionality such as smart contracts. Crypto asset technology certainly presents new opportunities but also risks. In this context, it is important for a regulator to better understand the level of adoption of cryptocurrencies by the population in order to guide information campaigns and warning messages. In this exploratory research project several data acquisition methods were used. A review of surveys from different organizations on the level of knowledge and profile of cryptoasset users in several countries was conducted. For Quebec, specific questions on cryptocurrency knowledge and adoption were added to the 2021 and 2022 CIRANO Barometer surveys that poll the Quebec population on societal issues. To refine the analysis, a sample of investors who own or have owned crypto-currencies, who are members of crypto-currency discussion groups were surveyed. Finally, an algorithmic review showed very clearly an increase in the number of academic publications on the subject, especially associated with the technology. In addition, the topic of cryptocurrencies has been increasingly covered by the mainstream media, which has generated attention and awareness among the population and especially on social networks. Analysis of Twitter conversations showed that the number of tweets, which was stable until December 2020, increased significantly and focused on the change in the price of cryptocurrencies and often with recommendations to buy and sell. → Synthèse des résultats Les cryptoactifs se développent de façon exponentielle au sein de l’économie mondiale. Les cryptomonnaies représentent la principale composante des cryptoactifs dont la plus connue est le Bitcoin. Les cryptoactifs partagent bon nombre des caractéristiques des cryptomonnaies mais il y a généralement une deuxième couche de fonctionnalités comme les contrats intelligents. La technologie liée aux cryptoactifs présente certes de nouvelles opportunités mais également des risques. Dans ce contexte, il est important, pour un régulateur de mieux comprendre le niveau d’adoption des cryptomonnaies de la population afin d’orienter les campagnes d’information et les messages de mise en garde. Dans ce projet de recherche exploratoire plusieurs méthodes d’acquisition de données ont été utilisées. Une revue des enquêtes de différentes organisations sur le niveau de connaissance et le profil des utilisateurs de cryptoactifs dans plusieurs pays a été menée. Pour le Québec, des questions spécifiques sur la connaissance et l’adoption des cryptomonnaies ont été ajoutées aux enquêtes 2021 et 2022 du Baromètre CIRANO qui sonde la population du Québec sur des enjeux de société. Afin d’affiner l’analyse, un échantillon d’investisseurs possédant ou ayant possédé des cryptomonnaies, membres de groupes de discussion sur les cryptomonnaies a été sondé. Enfin, une revue algorithmique a montré très nettement une augmentation du nombre de publications académiques sur le sujet, notamment associées à la technologie. De plus, le sujet des cryptomonnaies a été de plus en plus couvert par les médias grand public, ce qui a suscité l'attention et la sensibilisation de la population et notamment sur les réseaux sociaux. L’analyse des conversations sur Twitter a montré que le nombre de gazouillis, qui était stable jusqu’en décembre 2020, a augmenté de façon importante et a porté sur la variation du prix des cryptomonnaies et souvent avec des recommandations d’achat et de vente.

Suggested Citation

  • Thierry Warin & Nathalie de Marcellis-Warin & Robert Normand, 2022. "Mieux comprendre le niveau d’adoption des cryptoactifs au Québec," CIRANO Project Reports 2022rp-23, CIRANO.
    • Handle: RePEc:cir:cirpro:2022rp-23
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    File URL: https://cirano.qc.ca/files/publications/2022RP-23.pdf
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    References listed on IDEAS

    as
    1. Helmut Stix, 2021. "Ownership and purchase intention of crypto-assets: survey results," Empirica, Springer;Austrian Institute for Economic Research;Austrian Economic Association, vol. 48(1), pages 65-99, February.
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