Investing Into Cryptocurrencies

You are being invited to take part in a research study about cryptocurrencies. This study is being conducted by Agne Jurkute from Birmingham City University as a part of the Finance and Investment course final year dissertation. This research is conducted under the supervision of Dr. Navjot Sandhu. If you consent to take part, you will be asked 20 short questions about the awareness of investment into cryptocurrencies and regulation of them. This questionnaire will take approximately five minutes and it is entirely voluntary. By taking part in this survey you give consent for information provided by you to be used in academic research.


The aim of this study is to examine cryptocurrencies’ possibilities of joining the formal asset class. Cryptocurrency is a type of virtual currency used to make online transactions. Currently there is a lot of discussion about regulating cryptocurrencies. My research aims to investigate the public opinion on investing in it.

Your data will be analysed by me and shared with my supervisor, Dr. Navjot Sandhu. No identifiable personal data will be published. For the duration of the study your data will be confidentially stored in a password protected folder which only myself and my supervisor will have access to.

1. Which age category do you fall in?

2. What is your gender?

3. Which statement best describes your current status?

4. What is your yearly household income?

5. Have you ever heard about cryptocurrencies such as Bitcoin, Litecoin and etc.?

6. How much do you know about cryptocurrencies?

7. Do you own or have you ever owned cryptocurrency?

8. Feelings associated with cryptocurrencies (select all that apply):

9. How important are the following factors as advantages of cryptocurrencies?

10. Top reasons for investing into cryptocurrency (select all that apply):

11. What factors are preventing you from investing into cryptocurrency? (Select all that apply):

12. Cryptocurrencies, unlike the conventional currencies issued by a monetary authority, are not controlled or regulated. If cryptocurrency is government properly regulated, would you invest into them? (If your answer is "Yes", go to the Question 14)

13. If you answered “No” to the Question 12, please specify why (select all that apply):

Other (please specify):

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  2. cryptocurrency is based on a decentralized system.
  3. the application of securities laws to cryptocurrency markets would harm their growth.
  4. cryptocurrency has no clear underlying factor that impacts its value and price.
  5. it will stop being decentralized.
  6. the main point of bitcoin is that it is a decentralized peer-to-peer payment network, eliminating the need for intermediaries.
  7. it somewhat defeats the purpose of cryptocurrency, doesn't it?
  8. better to invest in real fiat in this case. i imagine if it is regulated, fluctuations would be corrected/influenced as well. so the main purpose of investing in that - to gain high profits - would disappear.
  9. i don’t trust the government.

14. In your opinion, which is more risky, investing in the stock market or investing in cryptocurrency?

15. And which do you think would be more profitable, investing in the stock market or investing in cryptocurrency?

16. Do you think cryptocurrencies can join the traditional asset class? (If your answer is "Yes", go to the Question 18):

17. If you answered “No” to the Question 16, please specify why (select all that apply):

Other (please specify):

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  2. too much manipulation / main amounts are controlled by a few major exchanges.

18. Please rate the following factors which you consider important for the adoption of cryptocurrency:

19. How likely are you to invest into cryptocurrency in the future?

20. Do you believe in the future of cryptocurrencies such as Bitcoin or Litecoin over the next five years?

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