Impact of personality traits (BFI-2-XS) on use of cryptocurrencies

Frantisek Sudzina, Antonin Pavlicek

Research output: Contribution to book/anthology/report/conference proceedingArticle in proceedingResearchpeer-review

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Cryptocurrencies are around for less than a decade but their usage steadily increases. There is no doubt that functional, social (cool-factor) and financial (high risk – high reward investment) motives drive its adoption and usage. But it is also worth to investigate whether personality and demographics can play some role in the adoption. The research have focused on impact of personality traits (according to the Big Five Inventory framework) on the usage of cryptocurrencies. The research was conducted in the Czech Republic. Respondents were university students, 478 in total (272 male, 206 female; 20.5 years old on average), of whom 62 respondents indicated that they use cryptocurrencies. Gender, age, and type of student job were used as control variables. With regards to the results, openness to experience, gender, and type of student job influence the adoption. Subjects more open to experience, male, and working full time in the field they study use cryptocurrencies more.
Original languageEnglish
Title of host publicationHradec Economic Days : Double-blind peer-reviewed proceedings part II. of the International Scientific Conference Hradec Economic Days 2019
EditorsPavel Jedlička, Petra Marešová, Ivan Soukal
Number of pages7
Place of PublicationHradec Králové
Publication date2019
ISBN (Electronic)978-80-7435-736-7
Publication statusPublished - 2019
EventHradec Economic Days 2019 - Hradec Králové, Czech Republic
Duration: 5 Feb 20196 Feb 2019


ConferenceHradec Economic Days 2019
CountryCzech Republic
CityHradec Králové
Internet address
SeriesHradec Economic Days


  • personality traits
  • cryptocurrencies
  • adoption

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