SCHOLARLY PUBLICATION ✓ Open Access

BITCOIN – ASSET OR CURRENCY? REVEALING USERS’ HIDDEN INTENTIONS

Florian Glaser, Kai Zimmermann, Martin Haferkorn, Moritz Weber, Michael Siering

📖 Publication Server of Goethe University Frankfurt am Main (Goethe University Frankfurt) 📅 2014-01-01

📄 Abstract

DIGITAL CURRENCIES ARE A GLOBALLY SPREADING PHENOMENON THAT IS FREQUENTLY AND PROMINENTLY ADDRESSED BY MEDIA, POLITICS AND ACADEMIA. WE AIM AT GIVING EMPIRICAL INSIGHTS ON WHETHER USERS’ INTEREST REGARDING DIGITAL CURRENCIES IS DRIVEN BY ITS APPEAL AS AN ASSET OR ITS UTILITY AS A CURRENCY. BASED ON OUR EVALUATION, WE FIND STRONG INDICATIONS THAT ESPECIALLY UNINFORMED USERS APPROACHING BITCOIN ARE NOT PRIMARILY INTERESTED IN AN ALTERNATIVE TRANSACTION SYSTEM, BUT SEEK TO PARTICIPATE IN AN ALTERNATIVE INVESTMENT VEHICLE.

📄 Abstract

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