The Antecedents of Investor Intention to Invest in the JAKARTA Cryptocurrency Market

Early in 2020, during the Covid 19 era, cryptocurrency tendencies in Indonesia increased dramatically. An alternate investment was aggressively sought after by investors. However, Indonesia, especially in its capital city of Jakarta, saw a decline in the popularity of cryptocurrencies in 2022. The perception of cryptocurrency is negatively impacted by a number of issues. The goal of this study covers analyzing the influence of investors' risk perception on investing intention in cryptocurrency; analyzing the influence of investors' perception on knowledge on investing in cryptocurrency. Lastly, analyzing the effect of investors' trust perceptions on investing in cryptocurrency and testing the impact of investor’s attitudes on investing intention in cryptocurrencies. The dependent variable is investment intention, and the independent variables are perceived risk, perceived knowledge, and perceived trust. The intervening variable is attitude toward behavior. All potential investors in Indonesia made up the entire population of this survey. Purposive sampling, also known as non-probability sampling, is used in this study. Only respondents who meet certain requirements can constitute the sample population in this method. SEM-PLS, which makes use of the SmartPLS software, is the analytical tool used in this work. In the end, perceived knowledge has little effect on investor attitude, whereas perceived risk and perceived trust have a substantial impact. Finally, Investor Attitude also has a significant and positive influence on Investor Intention to Invest in Jakarta’s Cryptocurrency Market.