Crypto Quest: Unveiling the Gender Gap in Iceland's Cryptocurrency Ownership and Investment
The purpose of this study is to investigate whether the variables that are usually considered predictors of participation in the stock market, such as gender, age, education, income, and financial risk attitude, are also useful for predicting participation in the cryptocurrency market. We conducted...
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2023
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Online Access: | http://dx.doi.org/10.31234/osf.io/fgdvk |
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crcenteros:10.31234/osf.io/fgdvk 2024-04-07T07:53:29+00:00 Crypto Quest: Unveiling the Gender Gap in Iceland's Cryptocurrency Ownership and Investment Gasiorowska, Agata Folwarczny, Michal Sturluson, Jón Þór Demir, Ender 2023 http://dx.doi.org/10.31234/osf.io/fgdvk unknown Center for Open Science https://creativecommons.org/licenses/by/4.0/legalcode posted-content 2023 crcenteros https://doi.org/10.31234/osf.io/fgdvk 2024-03-14T00:05:51Z The purpose of this study is to investigate whether the variables that are usually considered predictors of participation in the stock market, such as gender, age, education, income, and financial risk attitude, are also useful for predicting participation in the cryptocurrency market. We conducted a unique survey of 1,036 adult participants from Iceland. The results reveal that 8% of the sample has invested in crypto-assets in the past, while the current ownership rate stands at 5%. Being young, male, risk-tolerant, open to new technologies, and perceiving savings in Icelandic banks as less secure was associated with a higher likelihood of crypto-assets investment. Furthermore, we found that higher individual subjective financial knowledge related to cryptocurrencies was is associated with a higher likelihood of owning cryptocurrencies and explains the association between gender and investment in cryptocurrencies. Other/Unknown Material Iceland COS Center for Open Science |
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The purpose of this study is to investigate whether the variables that are usually considered predictors of participation in the stock market, such as gender, age, education, income, and financial risk attitude, are also useful for predicting participation in the cryptocurrency market. We conducted a unique survey of 1,036 adult participants from Iceland. The results reveal that 8% of the sample has invested in crypto-assets in the past, while the current ownership rate stands at 5%. Being young, male, risk-tolerant, open to new technologies, and perceiving savings in Icelandic banks as less secure was associated with a higher likelihood of crypto-assets investment. Furthermore, we found that higher individual subjective financial knowledge related to cryptocurrencies was is associated with a higher likelihood of owning cryptocurrencies and explains the association between gender and investment in cryptocurrencies. |
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Other/Unknown Material |
author |
Gasiorowska, Agata Folwarczny, Michal Sturluson, Jón Þór Demir, Ender |
spellingShingle |
Gasiorowska, Agata Folwarczny, Michal Sturluson, Jón Þór Demir, Ender Crypto Quest: Unveiling the Gender Gap in Iceland's Cryptocurrency Ownership and Investment |
author_facet |
Gasiorowska, Agata Folwarczny, Michal Sturluson, Jón Þór Demir, Ender |
author_sort |
Gasiorowska, Agata |
title |
Crypto Quest: Unveiling the Gender Gap in Iceland's Cryptocurrency Ownership and Investment |
title_short |
Crypto Quest: Unveiling the Gender Gap in Iceland's Cryptocurrency Ownership and Investment |
title_full |
Crypto Quest: Unveiling the Gender Gap in Iceland's Cryptocurrency Ownership and Investment |
title_fullStr |
Crypto Quest: Unveiling the Gender Gap in Iceland's Cryptocurrency Ownership and Investment |
title_full_unstemmed |
Crypto Quest: Unveiling the Gender Gap in Iceland's Cryptocurrency Ownership and Investment |
title_sort |
crypto quest: unveiling the gender gap in iceland's cryptocurrency ownership and investment |
publisher |
Center for Open Science |
publishDate |
2023 |
url |
http://dx.doi.org/10.31234/osf.io/fgdvk |
genre |
Iceland |
genre_facet |
Iceland |
op_rights |
https://creativecommons.org/licenses/by/4.0/legalcode |
op_doi |
https://doi.org/10.31234/osf.io/fgdvk |
_version_ |
1795669374494834688 |