Retail crypto investors when facing financial constraints: Evidence from energy shocks and the use and downloads of crypto trading apps
The result's identifiers
Result code in IS VaVaI
<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F61989100%3A27510%2F25%3A10257547" target="_blank" >RIV/61989100:27510/25:10257547 - isvavai.cz</a>
Result on the web
<a href="https://www.sciencedirect.com/science/article/pii/S0140988325001628?casa_token=irGVE0aOL4QAAAAA:TW8WMJS_tJcWBljBogUcFG_dolDmoZEoLuox-KJ06lMCuatuJHeB7AG3EKMkOA7jnIaCE4Py_gc#ac0005" target="_blank" >https://www.sciencedirect.com/science/article/pii/S0140988325001628?casa_token=irGVE0aOL4QAAAAA:TW8WMJS_tJcWBljBogUcFG_dolDmoZEoLuox-KJ06lMCuatuJHeB7AG3EKMkOA7jnIaCE4Py_gc#ac0005</a>
DOI - Digital Object Identifier
<a href="http://dx.doi.org/10.1016/j.eneco.2025.108338" target="_blank" >10.1016/j.eneco.2025.108338</a>
Alternative languages
Result language
angličtina
Original language name
Retail crypto investors when facing financial constraints: Evidence from energy shocks and the use and downloads of crypto trading apps
Original language description
This paper demonstrates a significant negative association between national energy price increases and retail investor participation in cryptocurrency trading, using data from crypto trading app usage and downloads from August 2015 to December 2022. The results hold even when accounting for concurrent changes in cryptocurrency prices, suggesting that investors' budgetary constraints influence their crypto investment decisions. The findings challenge the notion of cryptocurrencies as a hedge against inflation during periods of high energy prices, highlighting the sensitivity of retail investors to economic shocks. This study contributes to understanding the economic factors affecting cryptocurrency investments and underscores the need for diversified investment strategies in volatile economic conditions. As the cryptocurrency market matures, it will likely become less dependent on Bitcoin's price, with other factors such as energy price shocks, adoption rates, regulatory developments, and blockchain integration playing an increasingly important role. Additionally, global economic and geopolitical events impacting energy prices can significantly influence crypto demand, revealing the need for further research on investor behavior under stress.
Czech name
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Czech description
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Classification
Type
J<sub>imp</sub> - Article in a specialist periodical, which is included in the Web of Science database
CEP classification
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OECD FORD branch
50202 - Applied Economics, Econometrics
Result continuities
Project
<a href="/en/project/GA25-17638S" target="_blank" >GA25-17638S: Geopolitical Risks, Pandemics and Macro-Financial Stability</a><br>
Continuities
P - Projekt vyzkumu a vyvoje financovany z verejnych zdroju (s odkazem do CEP)
Others
Publication year
2025
Confidentiality
S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů
Data specific for result type
Name of the periodical
Energy Economics
ISSN
0140-9883
e-ISSN
1873-6181
Volume of the periodical
144
Issue of the periodical within the volume
April
Country of publishing house
US - UNITED STATES
Number of pages
12
Pages from-to
108338
UT code for WoS article
001443822100001
EID of the result in the Scopus database
2-s2.0-86000181935