Global Adoption Trend of Cryptocurrencies: A Financial Inclusion Study Using Bitcoin

Start Date

17-10-2025 2:00 PM

End Date

17-10-2025 2:30 PM

Location

MH 162

Presenter Information

Yen-Sheng Lee, Ph.D., Chartered Financial Analyst (CFA), Associate Professor of Business - Finance, Davis School of Business, Colorado Mesa University

Submission Type

Competitive Paper

Track

Accounting and Finance

Abstract

This study investigates the trend of global adoption of cryptocurrencies from a financial inclusion perspective, measured by gender, education, and income. The authors examine data on Bitcoin adoption across three different time periods, 2011, 2017 and 2021, from 74 countries. The findings indicate that users who identify as female and those with a primary education or less, consistently adopted Bitcoin, while low-income users adopted Bitcoin more prevalently in 2011 and 2017. The authors conclude that cryptocurrencies have emerged as real alternatives for individuals who face systemic marginalization from more conventional financial markets

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Oct 17th, 2:00 PM Oct 17th, 2:30 PM

Global Adoption Trend of Cryptocurrencies: A Financial Inclusion Study Using Bitcoin

MH 162

This study investigates the trend of global adoption of cryptocurrencies from a financial inclusion perspective, measured by gender, education, and income. The authors examine data on Bitcoin adoption across three different time periods, 2011, 2017 and 2021, from 74 countries. The findings indicate that users who identify as female and those with a primary education or less, consistently adopted Bitcoin, while low-income users adopted Bitcoin more prevalently in 2011 and 2017. The authors conclude that cryptocurrencies have emerged as real alternatives for individuals who face systemic marginalization from more conventional financial markets