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Bitcoin Adoption and Beliefs in Canada. A Comment on Daniela Balutel, Christopher Henry, Jorge Vásquez, and Marcel Voia (Canadian Journal of Economics, 2022)

Author

Listed:
  • Van Hove, Leo

Abstract

This comment shows that the empirical part of Balutel et al.'s (2022a) article suffers from an internal validity problem. Specifically, their network size variable is problematic. Hence, Balutel et al. fail to provide reliable evidence that network effects impact Bitcoin adoption.

Suggested Citation

  • Van Hove, Leo, 2025. "Bitcoin Adoption and Beliefs in Canada. A Comment on Daniela Balutel, Christopher Henry, Jorge Vásquez, and Marcel Voia (Canadian Journal of Economics, 2022)," Journal of Comments and Replications in Economics (JCRE), ZBW - Leibniz Information Centre for Economics, vol. 4, pages 1-13.
    • Handle: RePEc:zbw:jcreco:337520
    DOI: 10.18718/81781.45
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    References listed on IDEAS

    as
    1. Daniela Balutel & Christopher Henry & Jorge Vásquez & Marcel Voia, 2022. "Bitcoin adoption and beliefs in Canada," Canadian Journal of Economics/Revue canadienne d'économique, John Wiley & Sons, vol. 55(4), pages 1729-1761, November.
    2. Neil Gandal & Hanna Halaburda, 2016. "Can We Predict the Winner in a Market with Network Effects? Competition in Cryptocurrency Market," Games, MDPI, vol. 7(3), pages 1-21, July.
    3. Hanna Halaburda & Guillaume Haeringer & Joshua Gans & Neil Gandal, 2022. "The Microeconomics of Cryptocurrencies," Journal of Economic Literature, American Economic Association, vol. 60(3), pages 971-1013, September.
    4. Daniela Balutel & Christopher S. Henry & Kim P. Huynh & Marcel C. Voia, 2024. "Cash in the Pocket, Cash in the Cloud: Cash Holdings of Bitcoin Owners," International Journal of Central Banking, International Journal of Central Banking, vol. 20(3), pages 115-159, July.
    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

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    JEL classification:

    • D83 - Microeconomics - - Information, Knowledge, and Uncertainty - - - Search; Learning; Information and Knowledge; Communication; Belief; Unawareness
    • O33 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Technological Change: Choices and Consequences; Diffusion Processes

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