Canadian Crypto Observer

By Aditya Nain on January 14, 2025
Estimated reading time: 7 minutes

By Aditya Nain on January 14, 2025
Estimated reading time: 7 minutes

Bitcoin is alive and well, three ways to buy crypto in Canada, and what to know about crypto capital gains at tax time.

Welcome to the Canadian Crypto Observer. Financial journalist and author Aditya Nain offers perspective on market-moving headlines to help Canadian investors navigate the cryptocurrency market.

Something peculiar but important happened in 2024: bitcoin was pronounced dead just twice, compared to 124 times in 2017!

Why does that matter? Here’s some context:

Bitcoin turned 16 years old on Jan. 3, 2025. On that date in 2009, Satoshi Nakamoto (the mysterious and elusive creator of bitcoin) created the first bitcoins by mining the first block on the bitcoin blockchain—known as the “genesis block.” In those 16 years, 477 articles published around the globe—including in The New York Times, Financial Times, The Guardian and The Atlantic—declared bitcoin to be dead. However, it’s not a fringe asset anymore. Since 2017, the number of “bitcoin is dead” articles published has gradually decreased to almost none.

Source: Data gathered from 99bitcoins.com (as of Jan. 9, 2025)

This quirky data point, coupled with increased institutional crypto adoption by financial powerhouses like Blackrock and Fidelity, shows that, as of 2025, bitcoin is a resilient financial technology and a promising investment asset class.

Bitcoin isn’t dead—but, having hit the USD$100,000 mark in early December 2024, is it a bubble? Will it crash in 2025? Or will the bull run continue?

Nobody knows for certain what the next 12 months hold, but as covered in my previous column,

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