Proceedings of the 1st International Conference on Economics and Business, ICEB 2023, 2-3 August 2023, Padang, Sumatera Barat, Indonesia

Research Article

The Effect Of Financial Literacy, Experienced Regret, And Risk Tolerance On Cryptocurrency Investment Decision-Making In Millenials

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  • @INPROCEEDINGS{10.4108/eai.2-8-2023.2341514,
        author={Moh Fahmi Firzatullah and Bambang  Widagdo and Chalimatuz  Sa’diyah},
        title={The Effect Of Financial Literacy, Experienced Regret, And Risk Tolerance On Cryptocurrency Investment Decision-Making In Millenials},
        proceedings={Proceedings of the 1st International Conference on Economics and Business, ICEB 2023, 2-3 August 2023, Padang, Sumatera Barat, Indonesia},
        publisher={EAI},
        proceedings_a={ICEB},
        year={2024},
        month={6},
        keywords={financial literacy experienced regret risk tolerance investment decisions cryptocurrency},
        doi={10.4108/eai.2-8-2023.2341514}
    }
    
  • Moh Fahmi Firzatullah
    Bambang Widagdo
    Chalimatuz Sa’diyah
    Year: 2024
    The Effect Of Financial Literacy, Experienced Regret, And Risk Tolerance On Cryptocurrency Investment Decision-Making In Millenials
    ICEB
    EAI
    DOI: 10.4108/eai.2-8-2023.2341514
Moh Fahmi Firzatullah1,*, Bambang Widagdo1, Chalimatuz Sa’diyah1
  • 1: Universitas Muhammadiyah Malang, Indonesia
*Contact email: mohfahmifirzatullah@gmail.com

Abstract

This study aims to find out and analyze the influence of financial literacy, experienced regret, and risk tolerance on cryptocurrency investment decisions among millennials. The collection data used in this study used primary and secondary data. The population in this study were millennials who had or were active in investing in cryptocurrency. Samples were used by as many as 100 respondents using purposive sampling techniques. Data analysis techniques use multiple linear analyses. This study shows that financial literacy has no effect and is not significant to cryptocurrency investment decisions. Meanwhile, experienced regret and risk tolerance has a significant effect on cryptocurrency investment decisions.