Table 4 Results of correlation analysis.
From: Bitcoin adoption and price elasticity of demand: cross-country insights
Description | Correlation coefficient | P Value |
|---|---|---|
Crypto adoption and tech advancement | 0.4109 | 0.0046 |
Crypto adoption and legality | −0.2748 | 0.0003 |
Crypto adoption and taxation | −0.2623 | 0.0000 |
Crypto adoption and AML/CFT | −0.1978 | 0.0002 |
Crypto adoption and consumer protection | −0.1548 | 0.0001 |
PED and legality | −0.5854 | 0.0000 |
PED and taxation | −0.5326 | 0.0001 |
PED and AML/CFT | −0.2712 | 0.0683 |
PED and consumer protection | −0.6726 | 0.0000 |
PED and crypto adoption | 0.0884 | 0.5592 |
PED and tech advancement | 0.5586 | 0.0001 |
