Are Cryptocurrency and Non-Cryptocurrency Investors Different in Terms of Financial Threats?

Cagri Hamurcu

Fiscaoeconomia, 2020, issue 3

Abstract: The purpose of this study is to reveal whether cryptocurrency and non-cryptocurrency investors are different in terms of financial threats. In order to measure financial threat, 5-Item Financial Threat Scale (FTS) is used. It is found that the Turkish version of a 5-Item Financial Threat Scale (FTS) is highly reliable, unidimensional and a valid instrument for measuring the financial threat. According to the analysis, non-cryptocurrency investors have a more significant financial threat than cryptocurrency investors. Moreover, it is investigated that the working sector difference is not a distinguishing factor for financial threat. It is found that financial threat is associated with age, level of education, and monthly income. On the other hand, it is obtained that gender and marital status are not affecting factors for financial threat.

Keywords: Behavioral finance; Financial threat; Scale; Cryptocurrency; Investor (search for similar items in EconPapers)
JEL-codes: E44 G40 G41 (search for similar items in EconPapers)
Date: 2020
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Persistent link: https://EconPapers.repec.org/RePEc:fis:journl:200303

DOI: 10.25295/fsecon.757082

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