Investor Behavior in Markets for Crypto-Assets

Anthony Zhang, Assistant Professor of Finance

This project aims to analyze data on investor behavior in markets for crypto-assets. in the past decade, crypto markets have experienced a large boom in activity, drawing large numbers of inexperienced retail investors in the hopes of outsized returns. Yet crypto markets are unregulated, and the nature of the crypto-assets is very different from that of traditional assets, such as fund, equity and debt. Therefore, the key objective of this project is to understand the individual investors' trading dynamics in crypto markets, and, in particular, how different they are from their behaviors in the traditional markets.