Cryptocurrency Project

The study results presented in the results section indicate that 61% of the undergraduate participants had background information on the cryptocurrency, while 58% of the non-undergraduate precipitants had no background information about bitcoin. Although most of the respondents had background information on cryptocurrency, only a few 20% of the respondents own bitcoins and other cryptocurrencies. These results confirm the postulation made in the introduction section that most of the cryptocurrency users are young individuals aged between 18 years and 27 years. These results are in consistent with a study conducted by the Blockchain Capital (2019), in which it was established that Bitcoin awareness is high among all age groups; however, the usage is very low.

In Figure 2, it is evident that the most popular cryptocurrency among all the respondents is bitcoin. In comparison to the other cryptocurrencies, there are various reasons for its huge user base. First, its popularity i...