Cover Image

The factors influencing the adoption of bitcoin investment during covid-19

Bitcoin was the first virtual money to be developed in 2009 as a decentralized digital currency that can be sent by one consumer to another through the peer-to-peer bitcoin network without the use of intermediaries such as banks. Regarding finance, governments and other experts are concerned that Bi...

Full description

Saved in:
Bibliographic Details
Main Authors: Saleh Al-Hussaini, Abulfathi Ibrahim, Abubakar, Adamu
Format: Conference or Workshop Item
Language:English
Published: 2021
Subjects:
QA76 Computer software
Online Access:http://irep.iium.edu.my/89681/8/89681%20factors%20influencing.pdf
http://irep.iium.edu.my/89681/
Tags: Add Tag
No Tags, Be the first to tag this record!
id my.iium.irep.89681
record_format dspace
spelling my.iium.irep.896812021-06-19T05:35:45Z http://irep.iium.edu.my/89681/ The factors influencing the adoption of bitcoin investment during covid-19 Saleh Al-Hussaini, Abulfathi Ibrahim Abubakar, Adamu QA76 Computer software Bitcoin was the first virtual money to be developed in 2009 as a decentralized digital currency that can be sent by one consumer to another through the peer-to-peer bitcoin network without the use of intermediaries such as banks. Regarding finance, governments and other experts are concerned that Bitcoin can be used to circumvent currency caps, for money manipulation or illicit transactions, and could be dangerous for investors due to a lack of regulations. This paper investigates the factors influencing Bitcoin investment adoption during Covid-19. As a consequence, a methodological method was employed to accomplish these aims. The Principle of Expected Action has been introduced. Purposive sampling was used as the sampling method. A total of 101 full responses were obtained to the web-based questionnaire. Smart Partial Least Squares are used to analyse the findings (PLS). Perceived Behavior Control and Perceived Lack of Alternatives were found to have a favourable association with Intention to Invest in Bitcoin. Meanwhile, Perceived External Pressure has the reverse result, having a marginal influence on the Decision to Invest in Bitcoin. Surprisingly, Perceived Lack of Alternative completely mediates the interaction between Perceived External Pressure and Desire to Invest in Bitcoin. It is anticipated that this analysis would have a clearer picture of Investors' and Consumers' Action on Investing in Bitcoin During Covid-19. 2021 Conference or Workshop Item PeerReviewed application/pdf en http://irep.iium.edu.my/89681/8/89681%20factors%20influencing.pdf Saleh Al-Hussaini, Abulfathi Ibrahim and Abubakar, Adamu (2021) The factors influencing the adoption of bitcoin investment during covid-19. In: International Conference on Computing and Technological Solutions with Artificial Intelligence (ICCTSAI 2021) International Islamic University Malaysia THE FACTORS INFLUENCING THE ADOPTION OF BITCOIN INVESTMENT, Online. (Unpublished)
institution Universiti Islam Antarabangsa Malaysia
building IIUM Library
collection Institutional Repository
continent Asia
country Malaysia
content_provider International Islamic University Malaysia
content_source IIUM Repository (IREP)
url_provider http://irep.iium.edu.my/
language English
topic QA76 Computer software
spellingShingle QA76 Computer software
Saleh Al-Hussaini, Abulfathi Ibrahim
Abubakar, Adamu
The factors influencing the adoption of bitcoin investment during covid-19
description Bitcoin was the first virtual money to be developed in 2009 as a decentralized digital currency that can be sent by one consumer to another through the peer-to-peer bitcoin network without the use of intermediaries such as banks. Regarding finance, governments and other experts are concerned that Bitcoin can be used to circumvent currency caps, for money manipulation or illicit transactions, and could be dangerous for investors due to a lack of regulations. This paper investigates the factors influencing Bitcoin investment adoption during Covid-19. As a consequence, a methodological method was employed to accomplish these aims. The Principle of Expected Action has been introduced. Purposive sampling was used as the sampling method. A total of 101 full responses were obtained to the web-based questionnaire. Smart Partial Least Squares are used to analyse the findings (PLS). Perceived Behavior Control and Perceived Lack of Alternatives were found to have a favourable association with Intention to Invest in Bitcoin. Meanwhile, Perceived External Pressure has the reverse result, having a marginal influence on the Decision to Invest in Bitcoin. Surprisingly, Perceived Lack of Alternative completely mediates the interaction between Perceived External Pressure and Desire to Invest in Bitcoin. It is anticipated that this analysis would have a clearer picture of Investors' and Consumers' Action on Investing in Bitcoin During Covid-19.
format Conference or Workshop Item
author Saleh Al-Hussaini, Abulfathi Ibrahim
Abubakar, Adamu
author_facet Saleh Al-Hussaini, Abulfathi Ibrahim
Abubakar, Adamu
author_sort Saleh Al-Hussaini, Abulfathi Ibrahim
title The factors influencing the adoption of bitcoin investment during covid-19
title_short The factors influencing the adoption of bitcoin investment during covid-19
title_full The factors influencing the adoption of bitcoin investment during covid-19
title_fullStr The factors influencing the adoption of bitcoin investment during covid-19
title_full_unstemmed The factors influencing the adoption of bitcoin investment during covid-19
title_sort factors influencing the adoption of bitcoin investment during covid-19
publishDate 2021
url http://irep.iium.edu.my/89681/8/89681%20factors%20influencing.pdf
http://irep.iium.edu.my/89681/
_version_ 1703960198931021824
score 13.211869

Similar Items