ATTITUDE TO CRYPTO-CURRENCIES AMONG YOUNG PEOPLEWITH DIFFERENT EXPERIENCES OF FINANCIAL BEHAVIOR

Abstract

Aim. To study the attitude to the crypto-currency among youths with various experience of financial behavior. Methodology. The study involved 263 respondents (average age 23.3 years; 45% are men). In the general sample two groups of respondents were identified: with and without experience in handling the crypto-currencies. The methods used are: free associations, the original author’s questionnaire of attitudes towards crypto-currencies, the method of survey. Results. The research showed that in the group of users, this phenomenon is perceived primarily from the point of view of its prospects and the possibility of earning money. The group of non-users showed fear and anxiety towards the crypto-currencies . Research implications. The difference in the attitudes to the new technology in the field of economics is revealed. It indicates the different mechanisms of economic-psychological adaptation of young people with different experience of financial behavior. In one case, the attitude towards crypto-currency performs a “protective” function, in the other - the function of “rationalization.

Keywords

• economic psychology
• attitude to crypto-currencies
• crypto-currency
• bitcoin
• financial behavior
• economic socialization