The Working Paper Series of the Czech National Bank (CNB) is intended to disseminate the results of the CNB's research projects as well as the other research activities of both the staff of the CNB and collaborating outside contributors, including invited speakers. The Series aims to present original research contributions relevant to central banks. It is refereed internationally. The referee process is managed by the CNB Economic Research Division. The working papers are circulated to stimulate discussion. The views expressed are those of the authors and do not necessarily reflect the official views of the CNB.
The Working Paper Series of the Czech National Bank (CNB) is intended to disseminate the results of the CNB's research projects as well as the other research activities of both the staff of the CNB and collaborating outside contributors, including invited speakers. The Series aims to present original research contributions relevant to central banks. It is refereed internationally. The referee process is managed by the CNB Economic Research Division. The working papers are circulated to stimulate discussion. The views expressed are those of the authors and do not necessarily reflect the official views of the CNB.
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.
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