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The Commodification of Political Distrust: Do Crypto “Hodlers” Distrust Political Institutions?
Author(s) -
Brännlund Anton,
Christensen Henrik Serup
Publication year - 2025
Publication title -
economics and politics
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.822
H-Index - 45
eISSN - 1468-0343
pISSN - 0954-1985
DOI - 10.1111/ecpo.12341
Subject(s) - distrust , commodification , politics , economics , political economy , political science , sociology , market economy , law
ABSTRACT The study investigates the link between political distrust and long‐term cryptocurrency investment, motivated by the cryptocurrency market's volatility and the potential of digital currencies to alter economic–political systems. Utilizing panel data from Finland 2022–2023 on duration of ownership and political attitudes, the research uncovers a correlation between political skepticism and long‐term investment in cryptocurrencies, suggesting a shift from conventional assets to decentralized ones. This emphasizes the role of political trust in financial decisions and proposes further exploration of its impact on cryptocurrency investments.