作者
José Almeida, Tiago Cruz Gonçalves
发表日期
2023/3/1
来源
Journal of Behavioral and Experimental Finance
卷号
37
页码范围
100785
出版商
Elsevier
简介
This review aims to analyze and synthesize the literature produced so far on investor behavior in the cryptocurrency market. We use VOSviewer 1.6.17 software to perform a bibliometric analysis and elaborate a systematic literature review on investor behavior in the cryptocurrency market on a sample of 166 papers published in journals ranked in the ABS 2021 journal list, considering the different fields of knowledge. We found a growing body of literature on the presence of herding behavior in the cryptocurrency market, where there are indications that the main intentions behind crypto investment are mostly affected by social influence or public sentiment; the crypto market is dominated by irrational investors who base their investment decisions on market sentiment; the uncertainty of the fundamentals leads to investors’ dispersed beliefs, which in turn leads to high trading and speculative bubbles. Additionally, we …
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