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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 aim 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.?
If you NEVER heard about cryptocurrencies, thanks for taking the time, please do not answer any other questions, scroll down and click submit!
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?
Low advantageBelow medium advantageMedium advantageAbove medium advantageHigh advantage
Anonymity (it means being untraceable - you don’t need to give any personal information to own and use cryptocurrencies)
Low Transaction Costs
No Central Authority (no trusted third parties, cryptocurrencies are passed from person to person online. Users don’t deal with each other through banks, PayPal or Facebook)
International acceptance (Countries have their own currencies called fiat currencies and sending them around the world is difficult. Cryptocurrencies can be sent all over the world easily)
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):
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):
18. Please rate the following factors which you consider important for the adoption of cryptocurrency:
Most unimportantBelow average importanceAverage importanceAbove average importanceMost important
Exposure to websites with cryptocurrency at checkout
Improved government legislation
Education about cryptocurrency
Advertising about cryptocurrency
More stable cryptocurrency price
Major banks accepting proceeds of cryptocurrency sales
Simplified procedure for cryptocurrency purchase
More secure cryptocurrency storage methods
Transaction savings on cryptocurrency passed to consumers
Better tools for E- Commerce Merchants
Faster transaction process
Increased payment systems and processors
19. How likely are you to invest into cryptocurrency in the future?
20. Do you believe the future of cryptocurrencies such as Bitcoin or Litecoin over the next five years?