This document summarizes a research project presentation on the perception of investors towards investment in cryptocurrency. It includes an introduction to cryptocurrency, a literature review on previous research, the rationale and objectives of the study. The study uses a sample of 70 investors and analyzes data collected from questionnaires using tools like t-tests and SPSS. The findings show that the majority of respondents were aware of cryptocurrency and accepted it as a cashless transaction method. The conclusion is that investors have a positive perception towards cryptocurrency investment. Suggestions include expanding the sample size and including more demographic groups.
This document summarizes a research project presentation on the perception of investors towards investment in cryptocurrency. It includes an introduction to cryptocurrency, a literature review on previous research, the rationale and objectives of the study. The study uses a sample of 70 investors and analyzes data collected from questionnaires using tools like t-tests and SPSS. The findings show that the majority of respondents were aware of cryptocurrency and accepted it as a cashless transaction method. The conclusion is that investors have a positive perception towards cryptocurrency investment. Suggestions include expanding the sample size and including more demographic groups.
This document summarizes a research project presentation on the perception of investors towards investment in cryptocurrency. It includes an introduction to cryptocurrency, a literature review on previous research, the rationale and objectives of the study. The study uses a sample of 70 investors and analyzes data collected from questionnaires using tools like t-tests and SPSS. The findings show that the majority of respondents were aware of cryptocurrency and accepted it as a cashless transaction method. The conclusion is that investors have a positive perception towards cryptocurrency investment. Suggestions include expanding the sample size and including more demographic groups.
This document summarizes a research project presentation on the perception of investors towards investment in cryptocurrency. It includes an introduction to cryptocurrency, a literature review on previous research, the rationale and objectives of the study. The study uses a sample of 70 investors and analyzes data collected from questionnaires using tools like t-tests and SPSS. The findings show that the majority of respondents were aware of cryptocurrency and accepted it as a cashless transaction method. The conclusion is that investors have a positive perception towards cryptocurrency investment. Suggestions include expanding the sample size and including more demographic groups.
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Perception of Investors Towards Investment In Cryptocurrency
Major Research Project Presentation
Submitted to Shri Vaishnav Vidyapeeth Vishwavidyalaya, Indore for the partial fulfillment of Master of Business Administration (2019-2021) by Nidhi Bahediya 1903DMBA0006437 Under the Guidance of Dr. Rajeev Shukla (Director of SVSM) TABLE OF CONTENT
Introduction Review of Literature Rationale of the Study Objectives of the Study Hypothesis Research Method Findings Conclusion Suggestion References Introduction Cryptocurrency:-
A cryptocurrency is a digital or virtual currency which is an alternate form of money
not available in cash but is present in the form of coins or tokens on the internet that is secured by cryptography.The cryptocurrencies are based on blockchain technology. The cryptocurrencies are not issued by any central authority/government rather they are issued by an individual or group of individuals.
The first blockchain-based cryptocurrency was Bitcoin, which still remains the most popular and most valuable. Today, there are thousands of alternate cryptocurrencies with various functions and specifications. Contd.......
Transactional cryptocurrencies The purposes of cryptocurrency is to eliminate all kinds of control of central authorities and middlemen from our day-to-day transactions. These types of cryptocurrency that can be store and exchanges for value.Transactional cryptocurrencies are slowly gaining popularity due to large numbers of people using it. Examples of transactional cryptocurrencies are Bitcoin , Litecoin etc.
Cryptocurrency platforms Cryptocurrency platforms create a base to build other crypto currencies. It is a base and a building block to create other decentralized cryptocurrencies. This type of cryptocurrency is a smart contract feature that enables blockchains. Smart features are nothing but computing systems that enable self-execution, which are written in codes, and stored in blockchains. Examples of platform cryptocurrencies are Ethereum , Neo etc. Review of Literature
A. Manimuthu, R. V., S., Dr. Rejikumar G., and Marwaha, D., “A Literature Review on Bitcoin: Transformation of Crypto Currency Into a Global Phenomenon”, IEEE Engineering Management Review, vol. 47, no. 1, pp. 28-35, 2019. Mittal Alka (2017) focuses on merchants and traders who accept this digital currency as a medium of exchange to overcome its problem of volatility. This will boost the market of Bitcoins not only in India but also in other developing economies. This emphasizes that to survive in the system; Bitcoin has to adapt itself to the required technical and operational innovations. In addition to this, government should impose proper legal framework, to protect the consumers or users of these digital currencies, as the progress seen in the transactions in this currency during the past few months is tremendous. Contd... Authors Joseph Bonneau, Andrew Miller, Jeremy Clark, Arvind Narayanan, Joshua A. Kroll and Edward W Felten determined 3 components of bitcoins that had to be analyzed individually, in their paper „SoK: Research Perspectives and Challenges for Bitcoin and Cryptocurrencies‟(2015). The authors also believe that “bitcoin is a rare case where practice seems to be ahead of theory” because there isn‟t a scientific model to answer questions related to bitcoin.
Akshay A., ShivashankaracharY. - “A Study On Security Issues In Investments And
Transactions In Bitcoins And Cryptocurrencies” In this paper, they have focused on the unique characteristics of Bitcoin as a Cryptocurrency and the major security issues related with the transaction and investment of Bitcoins. The security of the Bitcoins is the major area of research. As its origin is mainly technology based but it is still vulnerable during transaction process. The security issue is not related only to the mining and transaction of Bitcoins but its online storage also poses major security threat. This paper also pointed out the other risks associated with Bitcoins like no regulation regarding its transaction in India. Rationale of the Study
This research helps to find out the perception of investors regarding investment in cryptocurrency. If responses of individuals are in favour than government of India should also plan to adapt cryptocurrency, because it is a safest and more secure than other modes of currency. Objectives of the Study
1)To study the level of awareness among investors regarding cryptocurrency as
a virtual currency.
2)To study the perception of investors regarding acceptance of cryptocurrency
as mode of cash less transaction. Hypothesis
H0 There is no significant difference in perception of Male and
Female Investors towards Investment In Cryptocurrency .
H1 There is significant difference in perception of Male and
Female Investors towards Investment In Cryptocurrency . Research Method
This section presents the methodology which was used in order to obtain the necessary information so as to be able to analyze the topic of study. As a starting point, the right type and number of participants that are required in order to be able to conduct a study whose findings will be meaningful.
Type of Research Research is descriptive research which include a detail study of various factors which are crucial to know about perception of investor’s and also about having knowledge of cryptocurrecy. Contd....
The Sample In order for the study to be representative, it was thought that a sufficient sample was required . For collecting data stratified sampling was used and strata were made and data was collected accordingly, groups were professionals, business class, service.Sample size of 70 respondents was used for the research. Different investor’s from different sector were the respondents of the research . For the purpose of this study not only primary data, also secondary data was collected .
Tools for Data Collection
Primary Data – Primary data for the study was collected through self structured questionnaire. Secondary Data – Internet, books, research paper etc. was used as source of secondary data collection. Data Analysis Tools Graphical Analysis and T-test with hypothesis testing and SPSS format tool was used for data analysis.
Findings I have prepared a questionnaire which includes some personal details questions and after that 24 questions related to the topic and cirulated the questionnaire.
Within 10 days I have received responses from 70 people, after collecting the data made excel sheet and than analyse the data in two parts:- Basic questions with the help of bar chart and frequency distribution table. Questions which were in likert scale was analysed through T-test. Conclusion After studying various researches and conducting survey it was found that approximately 75% of respondents were aware about the cryptocurrency , this shows that majority of people have knowledge regarding cryptocurrency and related basics.
After analyse the data output comes was that majority of people accepted cryptocurrency as mode of cash less transaction. Suggestions
The study is limited to certain samples only , so if exact result you
want than more sample is needed but due to this pandemic I am not able to collect more data. Because many people are suffering from this , so they are not able to fill this questionnaire.
This study is limited to take responses from certain groups only, not included all the people. References Garay, J., Kiayias, A., & Leonardos, N. (2017, August). The bitcoin backbone protocol with chains of variable difficulty. In Annual International Cryptology Conference (pp. 291-323). Springer, Cham. Everette, J. (2017). Risks and Vulnerabilities of Virtual Currency. Cryptocurrency as a Payment Method. Public- Private Analytic Exchange Program. Giudici, G., Milne, A., & Vinogradov, D. (2020). Cryptocurrencies: market analysis and perspectives. Journal of Industrial and Business Economics, 47(1), 1-18. Corbet, S., Lucey, B., Urquhart, A., & Yarovaya, L. (2019). Cryptocurrencies as a financial asset: A systematic analysis. International Review of Financial Analysis, 62, 182-199.
