Bitcoin as an Alternative Digital Currency. Exploring the Public’s Perception vs Experts.

International Journal of Financial Engineering and Risk Management, Vol. 3, No. 2, pp 146-171; DOI: 10.1504/IJFERM.2019.101296, 2019

18 Pages Posted: 11 Aug 2019 Last revised: 10 Mar 2021

See all articles by Spyros Papathanasiou

Spyros Papathanasiou

National and Kapodistrian University of Athens

Nikolaos Papamatthaiou

Independent

Dimitris Balios

Independent

Date Written: August 7, 2019

Abstract

This paper attempts to find out if the view of the public coincides with the opinion of the experts on the Bitcoin’s subject and to determine if is information can be implemented in order to establish a use of Bitcoin in our everyday lives. During the first stage of this research, methods and rules of analysis such as descriptive statistics and tables and charts were used. Firstly, a questionnaire was used and secondly, the answers were gathered and classified according to the participants’ choices. During the second stage, the data was collected with the use of random sampling, while various techniques, such as simple and multiple regressions were utilised for analysing the results. The conclusion is that the public perceives Bitcoin differently than the experts do. Individuals believe that Bitcoin is mainly a means of transactions/payments, contrary to the experts’ opinion, which is that it is foremost an investment asset.

Keywords: Bitcoin; alternative investments; cryptocurrencies; publics’ perception; quantitative data collection approach

JEL Classification: G11, G12, G15, D52

Suggested Citation

Papathanasiou, Spyros and Papamatthaiou, Nikolaos and Balios, Dimitris, Bitcoin as an Alternative Digital Currency. Exploring the Public’s Perception vs Experts. (August 7, 2019). International Journal of Financial Engineering and Risk Management, Vol. 3, No. 2, pp 146-171; DOI: 10.1504/IJFERM.2019.101296, 2019, Available at SSRN: https://ssrn.com/abstract=3433746 or http://dx.doi.org/10.2139/ssrn.3433746

Spyros Papathanasiou (Contact Author)

National and Kapodistrian University of Athens ( email )

1, Sofokleous Str.
Athens, 10559
Greece

Nikolaos Papamatthaiou

Independent ( email )

Panagias Despoinis 1
Lamia, Fthiotis 35131
Greece
+306972919770 (Phone)

HOME PAGE: http://https://www.linkedin.com/in/nikos-papamatthaiou-a830b546/

Dimitris Balios

Independent ( email )

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