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Objective and subjective risks of investing into cryptocurrencies

Martin Angerer, Christian Hugo Hoffmann, Florian Neitzert and Sascha Kraus

Finance Research Letters, 2021, vol. 40, issue C

Abstract: New empirical evidence on cryptocurrencies emerges rapidly, and it is thus necessary to consolidate the knowledge gained and identify the gaps therein. We provide a focused, systematic literature analysis of the objective and perceived risks of investing in cryptocurrencies using 50 papers from both the academic and practice-oriented literature. As an additional contribution, we identify three important and promising research avenues, which we contend should be the focus of future research: (i) subjective perception of risks, (ii) adoption of cryptocurrencies implementing innovation research and (iii) non-standard financial risks.

Keywords: Cryptocurrencies; Risk; Risk perception; Investment; Systematic literature review (search for similar items in EconPapers)
JEL-codes: F31 G10 G11 G41 (search for similar items in EconPapers)
Date: 2021
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DOI: 10.1016/

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