To what Extent does the Perception of Risk from Investments and Bitcoin Investments Differ? Insights From a Choice Experiment

The paper explores the volatile nature of Bitcoin, highlighting its dramatic price fluctuations from a peak of nearly $20,000 to under $4,000 within a year. It examines the phenomenon of Bitcoin being declared "dead" multiple times and discusses the factors influencing its investment perception, including high volatility, herd behavior, and bounded rationality. The study aims to compare the perception of risk associated with Bitcoin against traditional investments, shedding light on the unique challenges and dynamics of cryptocurrency investments.