Title: “Shifting Perceptions of Cryptocurrency’s Intrinsic Value”
This research proposal aims to investigate the evolving perceptions of cryptocurrency’s intrinsic value across different age groups. Cryptocurrency, as a digital asset, has generated considerable debate regarding its inherent value. While traditional assets such as real estate or precious metals possess tangible worth, the value of cryptocurrency is often questioned due to its intangible nature. This study postulates that while cryptocurrency is presently perceived as lacking intrinsic value among many age groups, the younger generations demonstrate a potential for a different perspective as they gain a deeper understanding of this digital asset over time.
Research Questions
To guide this research, the following questions will be addressed:
a. How do individuals across different age groups perceive the intrinsic value of cryptocurrency?
b. Are there generational differences in the understanding and acceptance of cryptocurrency’s value?
c. Can we identify trends or shifts in the perception of cryptocurrency’s value as individuals gain more exposure and experience with digital assets?
Hypotheses
Based on preliminary observations, this study proposes the following hypotheses:
H1: Older generations are more likely to perceive cryptocurrency as lacking intrinsic value.
H2: Younger generations are more open to the idea that cryptocurrency possesses intrinsic value, especially as they gain a deeper understanding over time.
Expected Outcomes-
The research expects to find that older generations are more skeptical about cryptocurrency’s intrinsic value due to their limited exposure and understanding of digital assets. Conversely, younger generations, who have grown up in the digital age, are more likely to embrace the idea that cryptocurrency holds intrinsic value as they gain more experience and knowledge in this field.
Importance and Implications-
Understanding the changing perceptions of cryptocurrency’s intrinsic value among different age groups is essential for various stakeholders, including policymakers, financial institutions, and educators. The outcomes of this study can inform investment strategies, regulatory decisions, and educational programs tailored to address the varying needs and concerns of different age groups.
Conclusion-
This research proposal outlines a preliminary plan to explore the shifting perceptions of cryptocurrency’s intrinsic value among different age groups. By collecting data from individuals spanning various generations, this research aims to contribute to a better understanding of how generational factors influence cryptocurrency perceptions.
Use Of Sources –
1. “Motivations, Barriers and Risk-Taking When Investing in Cryptocurrencies”
Background: This source delves into the motivations behind cryptocurrency investments, the barriers that investors face, and the risk-taking behavior associated with cryptocurrency markets. It is published in an academic journal and provides insights into the psychological and behavioral aspects of cryptocurrency investment.
How I Intend to Use It: I plan to use this source to understand the psychological and behavioral factors that influence cryptocurrency investment decisions among different age groups. It will help me explore how these factors contribute to the perception of cryptocurrency’s intrinsic value, particularly as they vary across generations.
2.”Social and Psychological Predictors of Youths’ Attitudes to Cryptocurrency”
Background: This source focuses on the attitudes of younger individuals, particularly youths, towards cryptocurrencies. It examines the social and psychological predictors of these attitudes and is published in an academic journal.
How I Intend to Use It: I intend to use this source to gain a deeper understanding of how younger generations perceive and approach cryptocurrencies. It will help me explore the generational differences in cryptocurrency perceptions and offer insights into how social and psychological factors influence these attitudes.
3.”Blockchain-powered Social Media Analytics in Supply Chain Management”
Background: This source primarily deals with the application of blockchain technology in supply chain management. While not directly focused on cryptocurrencies, it discusses the use of blockchain in various contexts and is hosted on SSRN.
How I Intend to Use It: I plan to use this source to provide context on the broader applications of blockchain technology. It will help me understand how blockchain, the underlying technology of cryptocurrencies, is being adopted in different areas. This knowledge can inform my investigation into the perceived value of cryptocurrencies and their potential applications.
4.”Investment Decision of Cryptocurrency in Millennials and Gen Z”
Background: This source specifically examines the investment decisions of Millennials and Gen Z in the context of cryptocurrency. It is published in conference proceedings.
How I Intend to Use It: I intend to use this source as a primary reference for understanding how younger generations approach cryptocurrency investments. It will serve as a key component in supporting my hypotheses regarding generational differences in cryptocurrency perceptions.
5.”Cryptocurrency as the currency of the future”
Background: This source explores the idea of cryptocurrency as a future currency and is hosted on IEEE Xplore.
How I Intend to Use It: I will use this source to highlight the perspective of cryptocurrencies as a potential future currency. This perspective is relevant to my research on generational differences in cryptocurrency perceptions and can provide a futuristic context for understanding how different age groups view the intrinsic value of cryptocurrencies.
Five Academic Sources:
1) “Motivations, Barriers and Risk-Taking When Investing in Cryptocurrencies” – https://www.mdpi.com/2227-7390/9/14/1655
2) “Social and Psychological Predictors of Youths’ Attitudes to Cryptocurrency” – https://www.mdpi.com/2076-328X/9/12/118
3) “Blockchain-powered Social Media Analytics in Supply Chain Management” – https://papers.ssrn.com/sol3/papers.cfm?abstract_id=3598906
4) “Investment Decision of Cryptocurrency in Millennials and Gen Z” – https://www.atlantis-press.com/proceedings/icast-ss-22/125983436
5) “Cryptocurrency as the currency of the future” – https://ieeexplore.ieee.org/abstract/document/9245265
Counterintuitive Fall 2024 
This is beautiful, MaxxPayne, but highly repetitive. I would carefully suggest that it indicates a very early familiarity with the source materials. I’m delighted to see you’re making progress on gathering substantial resources and very much look forward to reading about your findings, but I suggest that you be very careful in your use of the terms “inherent” and “intrinsic.”
As you’re using them, the answer to all your questions would have to be “Anyone who’s convinced of the inherent or intrinsic value of cryptocurrency is wrong, and any change of opinion in the direction of declaring crypto to have inherent value would be a mistake.”
I presume you mean that an older population is reluctant to accept that Bitcoin or any other cryptocoin would “retain its value as a means of exchange” in the long term, or that it’s too speculative and therefore risky.”
And that, “youth, who have not experienced a world WITHOUT crypto, are more open-minded to the idea that crypto might have TRADE VALUE without any INTRINSIC VALUE since they have grown up WITHOUT the reflex opinion that money has to be physical, tangible, or even backed by a government.”
If that’s your position, I understand you better. But you might need to devote much of your Definition/Categorical argument to a careful description of the kinds of VALUE money can have.
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