Abstract:
The purpose of this research is to study the perceptions of risk and value of cryptocurrency adopters from the social media platform Reddit by assessing the influence of Perceived Risk (PR) and Perceived Value (PV) on their intention to adopt cryptocurrency. Demographic factors of (Gender, Age, Education Level, Income, Investment Experience) were analyzed as control variables. The study within this paper was conducted with a quantitative approach through the utilization of a survey technique. Data was gathered through purposive sampling, and 200 respondents from the Cryptocurrency News & Discussion subreddit were studied among a sample of 1444 respondents. The data of these respondents was examined by using SPSS and SmartPLS 4 Structural Equation Modelling (SEM-PLS). Based on the findings, Perceived Value (PV) was found to have a significant influence on cryptocurrency adoption, while Perceived Risk (PR) had no influence on the adoption of cryptocurrency among Reddit members. Among the five demographic factors (Gender, Age, Education Level, Income, Investment Experience), only Education Level was found to have a significant influence on cryptocurrency adoption.
