The Bitcoin Market Potential Index

Exploring Perceptions of Bitcoin Adoption: The South African Virtual Community Perspective

“…Bitcoins are generated through the process of mining as depicted in Figure 1 showing the complete overview of the Bitcoin protocol (Wan & Hoblitzell, 2014a). The Bitcoin Market Potential Index (BMPI), presented in Figure 2, shows that Sub-Saharan Africa is the region where Bitcoin has the greatest adoption potential (Hileman, 2015). BMPI is a composite indicator that evaluates where Bitcoin has the most and least potential for adoption by measuring Bitcoin's perceived usefulness (Hileman, 2015).…”

“…The Bitcoin Market Potential Index (BMPI), presented in Figure 2, shows that Sub-Saharan Africa is the region where Bitcoin has the greatest adoption potential (Hileman, 2015). BMPI is a composite indicator that evaluates where Bitcoin has the most and least potential for adoption by measuring Bitcoin's perceived usefulness (Hileman, 2015). Perceived usefulness is affected by perceived ease of use (Lee, 2009).…”

“…A person's attitude determines their behavioural intention to use technology (Antonius, Xu, & Gao, 2015). The literature shows that Bitcoin is still a new technology (Clegg, 2014;Hileman, 2015). According to Lee (2009), the adoption of new technology is influenced by many factors including the perceived benefits, perceived risks, and ease of use.…”

“…According to Manyika, Lund, Singer, White, and Berry (2016), Bitcoin offers a means of improving the lives of individuals in the developing world by providing access to savings and credit facilities. As such, the Sub-Saharan Africa is the region where Bitcoin has the greatest adoption potential (Hileman (2015). Yet, there still lack of knowledge about Bitcoin adoption in Sub-Saharan Africa.…”

Bitcoin’in Yeni̇ Bi̇r Fi̇nansal Ürün Olarak Beni̇msenmesi̇ Ve Yayginlaşmasinda Destekleyi̇ci̇ Ve Engelleyi̇ci̇ Olan Unsurlar: Banka Çalişanlari Üzeri̇ne Bi̇r Araştirma

“…Ayrıca, Bitcoin finansal gizliliğe önem veren ve illegal faaliyetleri olan kişiler tarafından daha çok tercih edilmektedir. Hileman (2015) Bitcoin piyasası potansiyel kullanımlarını incelemiş ve Bitcoin benimsenmesini araştırmıştır. Esas aldıkları Bitcoin potansiyel endeksi Bitcoin'in üç temel fonksiyonuna dayanmaktadır.…”