Quote from: _act_ on October 15, 2022, 07:16:42 AM

I have been very busy which makes me not to post this very early as it was last week news. Just that it is still very much worth it to post this.

More than 30% of Canadians plan to purchase crypto by 2024, says OSC head

Some people said a period of time will shock people when the price of bitcoin will no more rise using the 4 years cycle. Some even said that bitcoin market is matured already that this bull run trends may not become possible by 2024. But the good news is, you should still believe in bitcoin, it will not disappoint you in the next cycle.

According to Ontario Securities Commission head, the chief executive officer, Grant Vingoe, he said that they know from their research that 30% of Canadians are willing to invest in crypto asset by 2024.

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“We know from our own research (being published later this month) that more than 30 per cent of Canadians plan to buy crypto assets in the next year [...] It is a challenge to bar non-compliant firms from offering services in Canada. With a limited budget and finite Enforcement staff to cover our entire capital markets, there is only so much we can do. But we are making progress.”

I believe if this kind of research is conducted in many other countries, more people will want to invest in crypto by 2024. And what should we expect by that time and 2025? Bull run.

This proves that there are more to come in the market and that we should be more patient to wait for it as it will happen gradually when the right time comes. However, we always hear this positive future actions towards the crypto market, but I would advice not to take this seriously as things might eventually change when that time comes. And when the market still shows no progress by that time, and that prices are still in bad position, then I don’t think these Canadians will still insist to enter the market despite of its current flaws.