I note Ms. Rogers' earlier comments about cryptocurrencies, and that they're not an appropriate hedge against inflation. I note that the Bank of Canada issued a staff report that addressed the issue of Bitcoin awareness, ownership and use. What jumped out at me was a statement:
Bitcoin owners were susceptible to certain risks, as evidenced by the fact that about half of current and past owners stated they had been affected by events such as price crashes, losing access to funds, scams or data breaches.
Are those some of the reasons why the bank doesn't recommend cryptocurrencies as a hedge against inflation?