November 2021

What Happened in Bitcoin

What Happened This Month

Key Events This Month

November, 2021 | Bank of Canada

A new working paper from the Bank of Canada provided an analysis to better understand how
three factors influence people’s decisions about Bitcoin adoption: network effects, individual
learning and social learning.

November 14, 2021 | The Block

Taproot is designed to improve Bitcoin’s security, privacy and efficiency. It lays the groundwork
and foundation for potentially interesting use cases down the road that developers can build
on – both from a protocol-wide level and a company-by-company level.

November 15, 2021 | The Bitcoin Magazine

A bipartisan team of U.S. senators introduced a bill to restrict tax reporting rules present in the
infrastructure bill, which is set to become law.

November 17, 2021 |

The move paves the way for more Canadian institutions to invest in bitcoin, including pension
funds, portfolio managers, mutual funds, and ETFs.

November 22, 2021 | Reuters

El Salvador plans to build the world’s first “Bitcoin City”, funded initially by bitcoin-backed bonds,
President Nayib Bukele said, doubling down on his bet to harness the crypto currency to fuel
investment in the Central American country.

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Fred Pye

Frederick T. Pye


Frederick T. Pye is the Chairman, Chief Executive Officer and Director of 3iQ Corp. He is also the Chairman and Director of 3iQ Digital Holdings Inc. Mr. Pye is recognized for creating and promoting creative and unique investment products for the investment industry.

Mr. Pye has managed private client portfolios with Landry Investment Management and various other investment dealers. Prior to this Mr. Pye was Founder, President & Chief Executive Officer of Argentum Management and Research Corporation, a company dedicated to managing and distributing quantitative investment portfolios including the first long-short mutual fund in Canada.

He was also Senior Vice-President and National Sales Manager of Fidelity Investments Canada and an integral part of the team that saw assets rise from $80 million to over $7.5 billion in assets under management during his tenure. He also held various positions with Guardian Trust Company, which listed the first Gold, Silver and Platinum Certificates on the Montreal Exchange.

Mr. Pye obtained a Masters in Business Administration from Concordia University.