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The intention to use cryptocurrency: A meta-analysis of what we know

Author

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  • Bommer, William H.
  • Milevoj, Emil
  • Rana, Shailesh

Abstract

Cryptocurrency has gained in popularity in emerging markets, however the knowledge accumulation pertaining to factors contributing to intention to use cryptocurrency has been limited. To address this gap, we meta-analyzed 42 samples from multiple theoretical approaches. Seven common antecedents to intention to use cryptocurrency were assessed, as well as six moderators via meta-regression. A regression model to explain the intention to use cryptocurrency was calculated, and relative importance analysis determined the weight of each variable in predicting cryptocurrency use intention. The findings highlight factors influencing intention to use cryptocurrency in emerging markets and refine theoretical models for future research.

Suggested Citation

  • Bommer, William H. & Milevoj, Emil & Rana, Shailesh, 2023. "The intention to use cryptocurrency: A meta-analysis of what we know," Emerging Markets Review, Elsevier, vol. 55(C).
    • Handle: RePEc:eee:ememar:v:55:y:2023:i:c:s1566014122000796
    DOI: 10.1016/j.ememar.2022.100962
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    Cited by:

    1. Cascavilla, Alessandro, 2024. "Between money and speculative asset: The role of financial literacy on the perception towards Bitcoin in Italy," Journal of Economic Psychology, Elsevier, vol. 102(C).
    2. Wei Wang & Haibo Wang, 2024. "Interconnected Markets: Exploring the Dynamic Relationship Between BRICS Stock Markets and Cryptocurrency," Papers 2406.07641, arXiv.org.

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    More about this item

    Keywords

    Cryptocurrency; Bitcoin; Emerging markets; meta-analysis; UTAUT; Technology adoption;
    All these keywords.

    JEL classification:

    • D91 - Microeconomics - - Micro-Based Behavioral Economics - - - Role and Effects of Psychological, Emotional, Social, and Cognitive Factors on Decision Making
    • E50 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit - - - General
    • G41 - Financial Economics - - Behavioral Finance - - - Role and Effects of Psychological, Emotional, Social, and Cognitive Factors on Decision Making in Financial Markets
    • O14 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Industrialization; Manufacturing and Service Industries; Choice of Technology
    • O16 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Financial Markets; Saving and Capital Investment; Corporate Finance and Governance

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