Acceptance and Penetration of Bitcoin
The Role of Psychological Distance and National Culture
Bibliographic Data
| ID | 3218781 |
|---|---|
| Authors | Juneman Abraham (0000-0003-0232-2735, Binus University, corresponding author), Dian Utami Sutiksno (0000-0003-1805-8924, Universitas Kristen Indonesia Maluku), Nuning Kurniasih (0000-0002-5146-1849, Padjadjaran University), Ari Warokka (0000-0003-2332-4780, Universidad Autónoma de Madrid) |
| Year | 2019 |
| Volume | 9 |
| Issue | 3 |
| Pages | 215824401986581 |
| Publication date | 2019-07-01 |
| Peer Reviewed | Yes |
| Open Access | Yes |
| Type | ARTICLE |
| Venue | SAGE Open (JOURNAL) |
| Journal identifiers | ISSN: 2158-2440 • E-ISSN: 2158-2440 |
| Publisher | SAGE Publications Inc (PUBLISHER) |
| DOI | 10.1177/2158244019865813 |
| OpenAlex | W2964819120 |
| Language | EN |
| Citations received | 5 |
| References cited | 26 |
Previous studies showed that a number of factors play roles in influencing Bitcoin penetration and acceptance, both at country and individual level, such as trust, perceived risk, security threat, perceived benefit, perceived ease of use, as well as macro-technological and socioeconomic factors. This present study aimed at finding theoretical models at the macro- and microlevels that are able to explain the penetration and acceptance. Study 1 examined hypotheses on the predictive relationship between national cultural orientation and Bitcoin penetration involving 60 countries. Study 2, using a construal level perspective, tested the predictive strength of psychological distances against Bitcoin acceptance, involving 565 Indonesians ( Mage = 28.88 years, SDage = 12.482 years). The results showed that national culture of individualism, uncertainty avoidance, and long-term orientation are able to predict the penetration. Spatial/physical distance, social distance, and hypothetical distance are able to predict the acceptance. This research is pivotal in obtaining the fundamental factors of community vulnerability in accepting and endorsing new e-money, i.e. Bitcoin. Monetary policy is expected to consider cultural and psychological factors in intervening against economic-technological disruptive innovations developing among societies
Macro · Uncertainty avoidance · Behavioral Health and Interventions · Death Anxiety and Social Exclusion · Digital Marketing and Social Media
Towards the psychological profile of cryptocurrency early adopters
Effects of ethics and culture on one’s trust in cryptocurrencies
How do security and benefits instill trustworthiness of a digital local currency
The Concept of Wealth ( māl ) in the Sharīʿah and Its Relation to Digital Assets
The power of electronic Word of Mouth in inducing adoption of emerging technologies
Construal Levels and Psychological Distance
Construal-level theory of psychological distance.
The evolution of Hofstede's doctrine
The Blockchain as a Narrative Technology
The Philosophy of Money
The Philosophy of Money
A replication of Hofstede’s uncertainty avoidance dimension across nationally representative samples from Europe
An abstract mind is a principled one
In digital we trust
Redeeming Simmel's money
The Social Life of Bitcoin
| Unique citing works | 5 |
|---|---|
| Citations per year | 0,83 |
| Citation span | 2020 - 2025 (6) |
| Citation velocity | recent |
| Highly cited | No |
| Citation types | Neutral: 5 |