Open Daily: 10am - 10pm | Alley door pickup 10am - 7pm 3038 Hennepin Ave Minneapolis, MN
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  • Open Daily: 10am - 10pm
    Alley-side Pickup: 10am - 7pm

    3038 Hennepin Ave Minneapolis, MN
    612-822-4611

Open Daily: 10am - 10pm | Alley-side Pickup: 10am - 7pm
3038 Hennepin Ave Minneapolis, MN
612-822-4611
Demand for Cryptocurrencies: Economic, Financial and Psychological Determinants

Demand for Cryptocurrencies: Economic, Financial and Psychological Determinants

Scharnitzki, Michel S.

Paperback

Business General

ISBN10: 3961467633
ISBN13: 9783961467631
Publisher: Diplomica Verlag
Published: Jun 25 2020
Pages: 52
Weight: 0.16
Height: 0.11 Width: 5.83 Depth: 8.27
Language: English
After the extraordinary rise of the Bitcoin value in 2017, cryptocurrencies rose in their popularity and gained additional media attention. An increasing number of people were interested in investing in this relatively new asset class. But what is the rational for buying cryptocurrencies? Do people want to make quick cash? Could cryptocurrencies replace our centralised central bank based monetary system? These questions led to the decision to study the factors that drive the demand for cryptocurrencies. This paper gives a systematic introduction to the Blockchain technology, the underlying technology for the majority of cryptocurrencies. By analysing a questionnaire, this paper studies the influence of economic, financial and psychological factors on the demand for cryptocurrencies. Additionally, the findings give interesting insights in the different behavioural trait of students and junior bankers.

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