EXAMINATION OF INVESTMENT / INVESTORS’ MOTIVATIONS AROUND THE CRYPTO-CURRENCY OWNERS

Abstract

Thanks to Satoshi Nakamoto, creator of Bitcoin protocols, and creator of blockchain theory – background of Bitcoin technology –, not only common people worldwide have heard about crypto-currencies, but, a lot of industries have obtained a really innovative technology.  Nowadays, more than 2100 crypto-currencies are registered at the crypto currency stock exchanges worldwide. In spite of the extreme exchange volatility, and inspite of warnings of the Hungarian National Bank (MNB) regarding the risks of applicable currencies, a lot of people do decide to invest their monies into crypto currencies. The aim of our investigation was, to research the habits, motivations, and investment inclination of those people, who may consider to invest their money to crypto-currencies. Our aim was to discover, what factors may hinder or motivate the habits of crypto-currency investors. We made a list of queries among (potential investor) members of crypto-currency groups of (the social media) Facebook (n = 210). The thematically specific questions of the questionnaire include closed questions, that enable simple and multiple choices, and Likert-scales. The results were evaluated by Microsoft Office Excel. Investors, who have typically more kinds of crypto-currencies, would like to invest typically by way of buying – as other alternative – in real estates, works of arts, meanwhile, at least 50 % of their investments are based on crypto-currencies. The investors are mostly motivated by generation of income, by acqusition and by amusement; they are mostly specified by augmenting wealth, and motivations of life cycle / independence.