The gender gap in ‘Bitcoin literacy’

Bannier, Christina E.; Meyll, Tobias; Röder, Florian

doi:10.1016/j.jbef.2019.02.008

Cited by 44 publications

(32 citation statements)

References 8 publications

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“…As a result, men realize lower returns. Bannier, et al (2019) find that women know less about the characteristics of bitcoin than men. They suggest that actual and perceived financial literacy explains approximately 40 percent of the gender gap in bitcoin literacy.…”

Section: Introductionmentioning

confidence: 79%

Financial Literacy and Attitudes to Cryptocurrencies

Panos

Karkkainen²,

Atkinson

2019

SSRN Journal

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We examine the relationship between financial literacy and attitudes to cryptocurrencies, using microdata from 15 countries. Our financial literacy proxy exerts a large negative effect on the probability of currently owning cryptocurrencies. The financially literate are also more likely to be aware of cryptocurrencies, and more likely to report that they do not intend to own them. We confirm the external validity of our financial literacy proxy and findings using data from a second novel survey of retail investors in 3 Asian countries. More financially literate retail investors are more likely not to have held any cryptocurrencies. We show that the relationship between financial literacy and attitudes to cryptocurrencies is moderated by a different perception of the financial risk involved in cryptocurrencies versus alternative instruments by the more financially literate. Our findings shed light on the demand for cryptocurrencies among the general population and suggest that it is largely driven by unsophisticated users.

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Section: Introductionmentioning

confidence: 79%

Financial Literacy and Attitudes to Cryptocurrencies

Panos

Karkkainen²,

Atkinson

2019

SSRN Journal

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Section: Methodsmentioning

confidence: 99%

“…Currently, there are more than three hundred different surveys conducted by UAS. Due to the extensive nature of the data, many research studies have used this dataset (Bannier et al, 2019;Brenner et al, 2020;Chhatwani and Mishra, 2021;Chhatwani, 2022;Fulford and Stavins, 2021;Newman et al, 2021;Zamarro and Prados, 2021).…”

Section: Datamentioning

confidence: 99%

Mortgage delinquency during COVID-19: do financial literacy and personality traits matter?

Chhatwani

2022

IJBM

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PurposeMortgage delinquency has become a major crisis following the COVID-19 pandemic. This study explored mortgage delinquency antecedents, focusing on two individual-level factors: financial literacy and personality traits.Design/methodology/approachUsing a large sample of 2,511 consumers, we examined the direct effect of financial literacy and its interaction with personality traits to predict mortgage delinquency based on logistic regression analysis. We further provide several robustness tests to validate our findings.FindingsWe find that financially literate consumers are 6% less likely to delay their mortgage repayment during the COVID-19 pandemic. Moreover, personality traits such as neuroticism and extroversion positively and conscientiousness negatively moderate the given linkage between financial literacy and mortgage delinquency.Practical implicationsBanks and financial companies may devise relevant policies to reduce mortgage repayment by knowing the interplay between financial literacy and personality traits. Personality traits can be considered one of the parameters while sanctioning mortgages to prospective customers.Originality/valueOur research examines the linkage between financial literacy, personality traits and mortgage delinquency based on a large nationally representative sample. Our findings suggest that personality traits moderate the effect of financial literacy on mortgage delinquency.

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“…For instance, the findings of the professional research carried out by the trading company eToro show that only "15% of Bitcoin traders are women, highlighting a massive gender imbalance in the world of cryptocurrency" [72]. Even the study by Bannier et al [73] points out a significant gender gap in Bitcoin literacy, indicating, using nationally representative US data, that women tend to have less information about Bitcoin than men.…”

Section: Main Conclusion For Science and Future Research Directionsmentioning

confidence: 99%

Motivations, Barriers and Risk-Taking When Investing in Cryptocurrencies

2021

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The cryptocurrency market is very young, volatile, and highly risky. By the end of 2020, a new bull run started, and the prices of several cryptocurrencies reached record-breaking highs. The factors affecting this rise of cryptocurrencies include the impacts of the COVID-19 pandemic, the economic crisis and the global increase in the inflation rate, as well as the gradual acceptance and adoption of cryptocurrencies by people worldwide. This exploratory research is focused on this last factor, i.e., using cryptocurrency and with it, the associated support of its ecosystem (e.g., mining, staking). A survey was carried out investigating the motivational factors and barriers to investment in cryptocurrency for Czech representatives of Generations Y and Z (18–42 years; n = 468). The geographic scope was nationwide, and quota sampling was used. Notably, this survey was carried out prior to the global COVID-19 pandemic outbreak, and it is thus not affected by the pandemic and its related economic impacts. The article investigates the dependency between the individual motivational factors and barriers from the perspective of the tendency to take risks (using the risk propensity scale), according to gender and representation of Generations Y and Z. The lack of information on this form of investment is considered as the main barrier to investment in cryptocurrency, with respect to sex and generations. Compared to that, a negative experience with investment in cryptocurrency constitutes the most minor barrier. Respondents that have a tendency to take risks are mostly put off by their lack of experience with investment in general. The main motivational factor for investment in cryptocurrency, with respect to sex and generations, is considered to be the speed of increase in cryptocurrency value. On the other hand, the least encouraging factor is the opportunity to use the high volatility of cryptocurrency for speculative trading. Interestingly, this factor mostly encourages respondents that do not have a tendency to take risks. The findings are discussed, along with the presentation of their implications for practice and the directions of further explanatory research.

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The gender gap in ‘Bitcoin literacy’

Cited by 44 publications

References 8 publications

Financial Literacy and Attitudes to Cryptocurrencies

Financial Literacy and Attitudes to Cryptocurrencies

Mortgage delinquency during COVID-19: do financial literacy and personality traits matter?

Motivations, Barriers and Risk-Taking When Investing in Cryptocurrencies

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