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Determination of drivers for investing in cryptocurrencies through a fuzzy full consistency method-Bonferroni (FUCOM-F’B) framework

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  • Böyükaslan, Adem
  • Ecer, Fatih

Abstract

Cryptocurrencies have brought many innovations and discussions to economic life. Digital assets, which are very popular by investors, are frequently used for many purposes such as store of value, exchange, and speculation. It creates a research area that intentions cryptocurrency experts prioritize in crypto investments. In this paper, therefore, the fuzzy Full Consistency Method-Bonferroni (FUCOM-F’B) model is conducted to determine the priorities of drivers for investing in cryptocurrencies. The selected twenty-three drivers are classified based on five aspects, including functionality, financial, legal infrastructure, technology, and security. Based on the findings, “strong electronic encryption” and “use of digital signature” are the most significant drivers for preferring a cryptocurrency. A validation check is performed to verify the reliability, usefulness, and stability of the proposed approach. Further, the introduced approach allows taking the ambiguities and subjectivity into account which exist in the decision-making procedure. The suggested framework can be a helpful decision support tool for regulators, policymakers, practitioners, and cryptocurrency investors.

Suggested Citation

  • Böyükaslan, Adem & Ecer, Fatih, 2021. "Determination of drivers for investing in cryptocurrencies through a fuzzy full consistency method-Bonferroni (FUCOM-F’B) framework," Technology in Society, Elsevier, vol. 67(C).
    • Handle: RePEc:eee:teinso:v:67:y:2021:i:c:s0160791x21002207
    DOI: 10.1016/j.techsoc.2021.101745
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