What if Canadians had moved earlier without sticking to the data simply for targeting the year 2024 when the 4 year Bull occurs. They don't want to miss the train that took them early to welcome ATH Bitcoin. I know that Canadians will do it without having to inform the government about the data being taken officially. 30% of people are willing to be interviewed but the rest may have invested in Bitcoin during a bear market.
You are right, some people would have been holding by now. There would be some bull and bear market before 2024. But i am only saying that time investment would likely be huge which will drive bitcoin to all-time-high.
Even if this data is totally accurate, who's to say that they wouldn't change their mind? I could almost guarantee a huge majority of people who bought into the bitcoin hype at near all-time highs were also planning on holding. But yet? Most of them panic sold.
If it turns out as planned, there won't be bull market by early 2024. Even if bull market started it, it won't yet be significant. It would be a good time to HD if invested early before halving. K so much believe in 2024 halving to drive bitcoin to all-time-high.