The Impact of Experience, Overconfidence and Optimism on Future Cryptocurrency Ownership

Using recent survey data from Sweden, Denmark, and Finland, we analyze the effect of experience with cryptocurrencies, overconfidence and economic expectations on future cryptocurrency ownership. We document that negative experiences with cryptocurrencies and overconfidence positively affect the odds of having cryptocurrency in the future. The results show that owners of ESG products are the most optimistic, with the highest optimism score. This is followed closely by owners of Crypto assets / NFTs and Antiques / Art.