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Consumer Behavior in the World of Cryptocurrencies

Author

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  • Radu Cezara-Georgiana

    (Bucharest University of Economic Studies, Romania)

  • Deak Elena Roxana

    (Bucharest University of Economic Studies, Romania)

Abstract

Cryptocurrencies are a new form of digital assets that have gained increasing popularity in recent years. Investors have a dual objective of maximizing profits while minimizing risks. In today's world, there is an increase in the demand for cryptocurrencies, with focus on the emotional aspects as well as on the underlying technical analysis. This abstract provides a synthesis of recent research and insights into the behavior of consumers engaging with cryptocurrencies. Key determinants such as trust, perceived usefulness, and ease of use play pivotal roles in driving consumer adoption of cryptocurrencies. Furthermore, behavioral uncertainty and risk perception emerge as critical considerations impacting investment decisions within this dynamic ecosystem. The abstract also highlights the significant influence of digital platforms and social media on shaping consumer attitudes and behaviors towards cryptocurrencies, underscoring the importance of online discourse and information dissemination in this context. As the cryptocurrency market develops and grows, understanding consumer behavior becomes increasingly paramount for stakeholders, policymakers, and researchers alike. By unraveling the complexities of consumer preferences, motivations, and perceptions, this abstract offers valuable perspectives to inform strategic decision-making and foster sustainable growth in the cryptocurrency industry. This research was based on scientific articles and carefully selected and studied important data from trusted sources like academic journals, financial databases, and websites focusing on cryptocurrency information.

Suggested Citation

  • Radu Cezara-Georgiana & Deak Elena Roxana, 2024. "Consumer Behavior in the World of Cryptocurrencies," Proceedings of the International Conference on Business Excellence, Sciendo, vol. 18(1), pages 303-310.
    • Handle: RePEc:vrs:poicbe:v:18:y:2024:i:1:p:303-310:n:1009
    DOI: 10.2478/picbe-2024-0026
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    References listed on IDEAS

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    1. Beckmann, Joscha & Geldner, Teo & Wüstenfeld, Jan, 2024. "The relevance of media sentiment for small and large scale bitcoin investors," Journal of International Financial Markets, Institutions and Money, Elsevier, vol. 92(C).
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    3. Beat Weber, 2016. "Bitcoin and the legitimacy crisis of money," Cambridge Journal of Economics, Cambridge Political Economy Society, vol. 40(1), pages 17-41.
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