Cryptocurrency Investment Adoption Intentions of Indian Investors: Mediating and Moderating Effects of Fear of Missing Out (FOMO): A Gen Z and Millennials Prospective

Abstract

The influence of Indian investors’ ambitions to utilize cryptocurrencies in Hyderabad Metro was examined by the authors. Eight reflective constructs were measured with the help of a structured questionnaire: pricing value, adoption intentions, perceived risks, regulatory frameworks, social influence, investment behaviours, effect expectancy and fear of missing out (FOMO). This study evaluated how Indian investors’ intentions to adopt cryptocurrencies were influenced by perceived risk, the legal environment, social influence, expected effort and price value. The constructs of investment behaviour, regulatory framework and perceived risk are statistically significant and impact the cryptocurrency adoption intentions of Indian investors. The impact of FOMO is positive and statistically significant and mediates the nexus between adoption intentions and investment behaviour. FOMO moderates the nexus between cryptocurrency adoption intention and investment behaviour. FOMO reinforces the favourable correlation between investing behaviour and adoption intention, according to the simple slope analysis.

Keywords

Cryptocurrency Price Value Social Influence Adoption Fear of Missing Out

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