Cryptocurrencies have received growing attention from individuals, the media, and
regulators. However, little is known about the investors whom these financial instruments …

Cryptocurrencies have received growing attention from individuals, the media, and
regulators. However, little is known about the investors whom these financial instruments …

Employing representative data from the US Survey of Consumer Payment Choice, we find
no evidence that cryptocurrency investors are motivated by distrust in fiat currencies or …

We investigate the demographic characteristics, trading patterns, and performance of
465.926 brokerage accounts with respect to cryptocurrency trading. We find that …

Trading in cryptocurrencies has grown rapidly over the last decade, primarily dominated by
retail investors. Using a dataset of 200,000 retail traders from eToro, we show that they have …

Are cryptocurrency traders driven by a desire to invest in a new asset class to diversify their
portfolio or are they merely seeking to increase their levels of risk? To answer this question …

With the massive growth of cryptocurrency markets in recent years has come an influx of
new users and investors, pushing the overall number of owners into the millions. At the …

We use transaction data gathered by a large fintech firm to study retail investors' investments
in cryptocurrencies. Crypto investors tend to be male, young, high-income, and risk-seeking …

Cryptocurrencies, such as Bitcoin, are a highly volatile asset class where very high returns
are offset by large losses. This study examines the financial success of individual …

Using repeated large-scale surveys of US households, we study the cryptocurrency
investment decisions and motives of households relative to other financial assets …