Last year was a watershed moment for crypto, not only in terms of profits but also in terms of the maturing infrastructure and subsequent decorrelation of different crypto industries and coins. The infrastructure of cryptocurrency has grown dramatically, and there are now many more onramps allowing consumers to buy altcoins without having to buy and use bitcoin. As a result, many cryptocurrency prices were influenced more by the value and utility of their protocol and apps than by their link to Bitcoin. And even though the market is going through a serious correction now, it is only a matter of time before the bulls show up again. Canada has strong data to prove it. In Canada, receiving payments in cryptocurrency is becoming popular. According to a recent Capterra survey of 1,000 Canadian respondents, 67% want to be paid in cryptocurrency within the next five years. Researchers also discovered that one out of every four individuals holds cryptocurrency, with 58% beginning their crypto journey during pandemic shutdowns when they had more time to investigate and learn about digital assets. 37% of those polled said they intend to buy cryptocurrency shortly. BTC and ETH among the Most-Used Coins The study discovered that Bitcoin and Ether are still the most popular cryptocurrencies among those who use them. Dogecoin, Litecoin, and Cardano are among the most popular cryptocurrencies, in addition to BTC and ETH. Now, Canada is recog...
