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

Authors : Cagri HAMURCU

Pages : 568-579

Doi:10.25295/fsecon.757082

View : 21 | Download : 8

Publication Date : 2020-09-20

Article Type : Research Paper

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 insert ignore into journalissuearticles values(FTS); is used. It is found that the Turkish version of a 5-Item Financial Threat Scale insert ignore into journalissuearticles values(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