How Does Trust In Government Institutions Affect The Demand For Cryptocurrencies?
Veer Choudhari · International journal of high school research · 2023
A cryptocurrency is a digital, decentralized currency that runs on networks based on blockchain technology.The study covers three years, from 2018 to 2021, during which cryptocurrencies reached monetary values of up to 66,002 USD.However, there still needs to be a greater understanding of these digital assets and their underlying technology, including how they work and why people are driven to invest in them.I hypothesize that trust in institutions affects the demand for cryptocurrencies in different regions across the globe.I analyze data on cryptocurrency usage and adoption, and provide insights into the factors that drive the demand for cryptocurrencies.The findings of this study are important for policymakers, financial institutions, and investors seeking to understand the relationship between trust in institutions and the demand for cryptocurrencies.Finally, this paper also contributes to the ongoing discourse on the role of cryptocurrencies in the global financial system.