Cryptocurrency Attitudes in Davao Students

84% of surveyed students in Davao City do not use cryptocurrency.

Students are primarily young adults (21-23 yrs), slightly more male, and from diverse academic programs (incl. Tourism Management, Nursing, Psychology).

Most students receive a monthly allowance between P4,001 and P5,000, suggesting moderate financial capacity.

Students generally view cryptocurrency investment as potentially profitable, but with a touch of caution.

Students see cryptocurrency as an exciting way to improve financial situations.

College students generally show a positive outlook for risk in cryptocurrency investments, however, they don't tend to invest significant portions of their money.

Participants believe government support would increase trust and safety in cryptocurrencies, reducing concerns about fraud and market instability.

Investors are primarily motivated by practical benefits, innovation, efficiency, and the potential for high returns.

Cryptocurrency streamlines transactions, enabling faster and simpler exchanges compared to traditional methods.

Students see cryptocurrency as more than just an investment; they view it as a means to buy and sell goods/services.

Widespread global usage of cryptocurrencies reassures investors, validating it as a legitimate financial trend.

Respondents anticipate cryptocurrency's significant role in future financial systems, viewing it as a versatile asset.

No significant differences in risk tolerance, perceived barriers, or motivations toward cryptocurrency were found between male and female students.

Younger students tend to have higher risk tolerance for cryptocurrency investments, while older students are more cautious.

Students in finance-related programs show higher risk tolerance and fewer perceived barriers to cryptocurrency, likely due to their financial background.

Cryptocurrency users demonstrate higher risk tolerance, fewer perceived barriers, and greater investment motivation compared to non-users.

Motivation to invest in cryptocurrency remains consistent across all academic programs, driven by the potential rewards.

Students' feelings and beliefs about cryptocurrency, influencing their willingness to invest.

Concerns and doubts about cryptocurrencies, such as price volatility and lack of central bank backing.

Factors attracting students to cryptocurrency, like ease and potential future uses.

Workshops and courses to teach students about cryptocurrency fundamentals and risks.

Need for clear regulations and policies to build trust in cryptocurrency investment among students.

Making cryptocurrency more usable in everyday transactions to overcome its limitations.

Making choices about cryptocurrency investments based on knowledge and awareness of associated risks.

A study found that while many college students are aware of cryptocurrency, a significant portion (84%) do not use it.

Students generally view cryptocurrency favorably as an exchange medium, but are less optimistic about its potential as an investment.

Students with higher monthly allowances tend to be more willing to take financial risks, although allowance levels don't significantly affect attitudes regarding cryptocurrency.

Students express guarded optimism about cryptocurrency as an investment opportunity, motivated by its potential, but wary of risks and uncertainties, thus they are not putting in significant sums of money or trying it out.

The majority of students surveyed were aged 21 to 23.

Students in Tourism Management, Nursing, and Psychology show potential interest in cryptocurrency aside from others.

Despite having limited financial resources, many students express interest in exploring other innovative financial means.

Students are concerned about the inherent volatility of cryptocurrency investments.

Young adults show cautious optimism about cryptocurrency, but worry about volatility, limited use, and regulations.

Platforms designed for young adults to invest in cryptocurrency with minimal financial commitment, featuring educational tools and simulated trading.

Businesses near universities could accept cryptocurrency for small transactions, making it convenient for students.

Integrating cryptocurrency concepts into various academic subjects (business, finance, technology, etc.) through workshops, guest speakers, and more.

Businesses or organizations offering small rewards like discounts or points for using cryptocurrency in low-risk transactions.

Continued research should explore specific educational programs, government policies, and platform features designed to address the barriers young adults face with cryptocurrency.

Future studies should also determine how different socioeconomic backgrounds influence perceptions of cryptocurrency.