Deciphering Americans’ Views on Cryptocurrencies

C. Hundtofte, Michael Lee, Antoine Martin and Reed Orchinik

No 20190325, Liberty Street Economics from Federal Reserve Bank of New York

Abstract: Having witnessed the dramatic rise and fall in the value of cryptocurrencies over the past year, we wanted to learn more about what motivates people to participate in this market. To find out, we included a special set of questions in the May 2018 Survey of Consumer Expectations, a project of the New York Fed’s Center for Microeconomic Data. This blog post summarizes the results of that survey, shedding light on U.S. consumers’ depth of participation in cryptocurrencies and their motives for entering this new market.

Keywords: Bitcoin; Cryptocurrency (search for similar items in EconPapers)
JEL-codes: E5 (search for similar items in EconPapers)
Date: 2019-03-25
New Economics Papers: this item is included in nep-mac and nep-pay
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