Awareness of blockchain technology and FOMO on Crypto investment: An empirical study

Abstract

Humans termed as social beings tend to discuss their feelings and opinions with their family members, friends, and colleagues. Crypto investment is the most crucial If it is done with proper fundamental and technical analysis may lead to profits, but if it is influenced by FoMO, it may cause unpleasant situations regarding investments. Hence it is important to manage this behavioral factor to avoid losses due to decisions not made independently. On the other hand, awareness of blockchain technology is also the main criterion if people want to analyze investment choices independently have an awareness of basic financial terms, and use financial products.

So, it is essential to study how this FoMO impacts investor decision-making and how awareness of blockchain technology plays a moderating role this study mainly focuses on studying how FoMO influence Crypto investment and effect of awareness of blockchain technology as a moderating role. The primary data is collected through structured questions which include 5- point Likert scale questions. The data consists of 306 responses and descriptive statistics, correlation, and regression are calculated using SPSS software. The study concludes that there is moderating role of awareness of blockchain technology in assessing the effect of FoMO on Crypto investment and impact of FoMO on Crypto investment decreases as awareness of blockchain technology increases.