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Global Market Perceptions of Cryptocurrency and the Use of Cryptocurrency by Consumers: A Pilot Study
Journal of Theoretical and Applied Electronic Commerce Research ( IF 5.318 ) Pub Date : 2023-10-20 , DOI: 10.3390/jtaer18040098
Murugappan Murugappan 1, 2, 3 , Rashmi Nair 4 , Saravanan Krishnan 5
Affiliation  

Cryptocurrencies, like Bitcoin and Ethereum, have garnered global attention in recent years as digital alternatives to traditional fiat currencies. This paper explores the complex landscape of cryptocurrency adoption, consumer behavior, and perceptions. Beginning with the origin of cryptocurrencies and the dominance of Bitcoin with its USD 1.23 trillion market capitalization, the paper highlights popular online platforms facilitating Bitcoin trading. It also examines the varying legal statuses and regulations across different countries, with a notable divide between Eastern and Western nations, attributed to factors like wealth, risk tolerance, and government restrictions. The role of blockchain technology as the foundation of cryptocurrencies is explained, emphasizing its role in ensuring secure and transparent transactions. The paper delves into the processes involved in handling cryptocurrencies, including the blockchain, exchanges, wallets, and mining. Consumer behavior and the factors influencing cryptocurrency usage are analyzed, with a focus on speculation, algorithm trust, spending power, and demographics. Survey findings and case studies from diverse geographical areas reveal patterns of adoption and local consumer perceptions. The paper concludes by discussing the cryptocurrency market’s inherent volatility and sensitivity to regulatory changes, as well as the different types of cryptocurrencies and online exchanges shaping this evolving financial landscape. Overall, it offers insights into the complex dynamics surrounding cryptocurrency adoption and its potential impact on global finance.

中文翻译:

全球市场对加密货币的看法以及消费者对加密货币的使用:试点研究

近年来,比特币和以太坊等加密货币作为传统法定货币的数字替代品引起了全球的关注。本文探讨了加密货币采用、消费者行为和认知的复杂情况。本文从加密货币的起源和比特币市值 1.23 万亿美元的主导地位开始,重点介绍了促进比特币交易的流行在线平台。它还研究了不同国家不同的法律地位和法规,由于财富、风险承受能力和政府限制等因素,东西方国家之间存在显着差异。解释了区块链技术作为加密货币基础的作用,强调其在确保交易安全和透明方面的作用。该论文深入研究了处理加密货币的流程,包括区块链、交易所、钱包和挖矿。分析了消费者行为和影响加密货币使用的因素,重点是投机、算法信任、消费能力和人口统计。来自不同地理区域的调查结果和案例研究揭示了采用模式和当地消费者的看法。本文最后讨论了加密货币市场固有的波动性和对监管变化的敏感性,以及塑造这种不断变化的金融格局的不同类型的加密货币和在线交易。总体而言,它提供了有关加密货币采用的复杂动态及其对全球金融的潜在影响的见解。
更新日期:2023-10-24
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