Zuzana Rakovská – Masaryk University, Faculty of Economics and Administration, Lipova 41a, 602 00 Brno, Czech Republic


DOI: https://doi.org/10.31410/ITEMA.2019.241


3rd International Scientific Conference on Recent Advances in Information Technology, Tourism, Economics, Management and Agriculture – ITEMA 2019 – Bratislava, Slovakia, October 24, 2019, CONFERENCE PROCEEDINGS published by the Association of Economists and Managers of the Balkans, Belgrade; Printed by: SKRIPTA International, Belgrade, ISBN 978-86-80194-23-3, ISSN 2683-5991, DOI: https://doi.org/10.31410/ITEMA.2019




This paper examines the factors that affect the sentiment towards bitcoin of the given population
– their beliefs about the future development of investors’ interest in bitcoin in two weeks, one
month, and one-quarter period ahead. To do so, it employs data from a unique longitudinal survey,
which was conducted in six waves during the period from September to December 2018 on a balanced
sample of 141 university students. The variety of factors are considered in the study, such as the collection
of socio-demographic factors, expectations about dynamics of popular currency pairs, the degree
of financial knowledge, respondents overconfidence or the technology acceptance factor. Using the ordered
probit for panel data, this study found the support for the above mentioned factors at least in the
one studied horizon. Moreover, it was shown that respondents evaluate also the past returns of Bitcoin
when shaping their beliefs.



Sentiment, Cryptocurrencies, Economic Expectations, Longitudinal Survey.


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