Socioeconomic and Technological Variables Affecting Cryptocurrency and its Future- A Review


  • Sun Meng Lincoln University College, 47301 Petaling Jaya, Selangor D. E., Malaysia
  • Amiya Bhaumik Lincoln University College, 47301 Petaling Jaya, Selangor D. E., Malaysia



The first commercial cryptocurrency transaction in 2010 started a transaction revolution. Blockchain and cryptocurrency will change transactions like the Internet. Many more cryptocurrencies are being launched as trade methods or rights to assets or obligations. Cryptocurrencies offer many benefits, but also difficulties and constraints. This research examines cryptocurrency customer behaviour. Using a technical acceptance framework, a model that explains 85% of cryptocurrency usage intentions was evaluated. Risk wasn't a factor. This could be because most respondents deemed using cryptocurrency hazardous; the absence of variation in their risk perception responses could explain this. Adoption may require willingness to manage bitcoin risk. A cryptocurrency's success hinged on its performance expectations. In Spain, college-educated persons with Internet basics participated in the study.


Blockchain, Cryptocurrencies, Initial Coin Offering, Bitcoin


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How to Cite

Meng, S., & Bhaumik, A. . (2023). Socioeconomic and Technological Variables Affecting Cryptocurrency and its Future- A Review. International Journal on Recent Trends in Business and Tourism (IJRTBT), 7(1), 1-17.


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