ISCAP Proceedings: Abstract Presentation
Information Systems and Cryptocurrency Research: A Text-Analytic Review
Subhasish Dasgupta
George Washington University
Michael Chuang
University of Illinois - Springfield
Yuan Xue
Elizabeth City State University
Abstract
Since its launch in 2009, cryptocurrencies have made a splash as a mainstream financial instrument (Duggan 2022). Financial market operations are shaped by participants’ social cognitions and behaviors (SCB). The same extends to the world of cryptocurrencies. Cryptocurrency is a digital currency that serves as a medium of exchange in computer networks. Social cognition and behaviors, including customer sentiments, are evident on several social media platforms.
Several information systems studies have examined various aspects of cryptocurrency in recent years. This has included customer sentiment analysis in social media platforms and its effect on cryptocurrency prices. These technologies use cryptocurrencies as alternative payment methods and security and privacy issues in cryptocurrency, to name a few (Phillips and Gorse 2017, Derakhshan and Beigy 2019).
Our study focuses on the existing research on cryptocurrency in the information systems literature. We plan to review this literature using text-analytic methods. Our objective is to identify potential trends and identify areas of future research.
References
Derakhshan, A., & Beigy, H. (2019). Sentiment analysis on stock social media for stock price movement prediction. Engineering Applications of Artificial Intelligence, 85, 569-578.
Duggan, W. (2022, August 31). The history of Bitcoin, the first cryptocurrency. US News Money. Retrieved October 8, 2022, from https://money.usnews.com/investing/articles/the-history-of-bitcoin
Ahn, Y., & Kim, D. (2021). Emotional trading in the cryptocurrency market. Finance Research Letters, 42, 7. doi:10.1016/j.frl.2020.101912
Phillips, R. C., & Gorse, D. (2017, November). Predicting cryptocurrency price bubbles using social media data and epidemic modeling. In 2017 IEEE symposium series on computational intelligence (SSCI) (pp. 1-7). IEEE.