Psychological Traits and Investors' Cryptocurrency Behavior
Renuka Sharma, Muskaan Arora, Kiran Mehta · Advances in finance, accounting, and economics book series · 2022
The current study looked into the relationship between self-esteem and the use of cryptocurrencies and overconfidence bias. Three hundred thirty-seven investors from the northern portion of India total took part in the survey. AMOS 20.0 was used to create and test the conceptual framework. A questionnaire was used to extract data about the participants' investments in order to determine the level of their overconfidence bias and bitcoin participation. The outcomes confirmed the hypothesis. The results of the mediation study showed that there is direct and indirect influence of self-esteem on cryptocurrency investment behavior showing partial mediation effect.