Towards a sociology of cryptocurrencies
an inquiry into the meanings of investment among young university students
DOI:
https://doi.org/10.15448/2178-5694.2025.1.47391Keywords:
Cryptocurrencies, Bitcoin, Economic Sociology, Youth, InvestmentAbstract
Based on an empirical study of the relationship between young university students and the cryptocurrency market, this article seeks to contribute to the inquiry of this new theme of research in economic sociology. Firstly, the literature is analyzed in order to characterize cryptocurrencies in their technical-operational, historical, economic and sociological aspects. Then, the results of the empirical research are presented. Quantitative data show a higher proportion of cisgender, heterosexual men, from courses related to exact sciences and with a right wing political position among those who have already invested in cryptocurrencies than among those who have never done so. The qualitative data allowed the creation of three ideal types of investors, based on the meanings attributed to the investment and the relationships of trust established: cryptoevangelists, traditional investors and hype investors.
Downloads
References
Barría, Cecilia. 2021. “Bitcoin: quem são os ‘criptoevangelistas’ que querem destruir o dólar e mudar o sistema financeiro internacional”. BBC News Brasil. https://www.bbc.com/portuguese/geral-57500984.
Caliskan, Koray. 2020. “Data money: The socio-technical infrastructure of cryptocurrency blockchains”. Economy and Society 49 (4): 540-61. https://doi.org/10.1080/03085147.2020.1774258.
Caliskan, Koray. 2021. “Data money makers: An ethnographic analysis of a global cryptocurrency community”. The British Journal of Sociology 73 (1): 168-87. https://doi.org/10.1111/1468-4446.12916.
Corradi, Fiammetta. 2018. “The Double Embeddedness of Bitcoin: Insights from Old and New Economic Sociology”. Internacional Journal of Social Science Studies 6 (6). https://doi.org/10.11114/ijsss.v6i6.3289.
Dodd, Nigel. 2017. “The Social Life of Bitcoin”. Theory, Culture & Society 35 (3): 35-56. https://doi.org/10.1177%2F0263276417746464.
Dupont, Quinn. 2019. Cryptocurrencies and Blockchains. Polity Press.
Granovetter, Mark. 2007. “A ação econômica e estrutura social: O problema da imersão”. RAE-Eletrônica 6 (1). https://doi.org/10.1590/S1676-56482007000100006.
Hayes, Adam. 2019. “The Socio-Technological Lives of Bitcoin”. Theory, Culture & Society 36 (4): 49-72. https://doi.org/10.1177%2F0263276419826218.
Karlstrom, Henrik. 2014. “Do libertarians dream of electric coins? The material embeddedness of Bitcoin”. Distinktion: Journal of Social Theory 15 (1): 23-36. https://doi.org/10.1080/1600910X.2013.870083.
Lau, Yvonne. 2021. “Cryptocurrencies hit market cap of $ 3 trillion for the first time as Bitcoin and Ether reach record highs”. Fortune. https://fortune.com/2021/11/09/cryptocurrency-market-cap-3-trillion-bitcion-ether-shiba-inu/.
Nakamoto, Satoshi. 2008. “Bitcoin: A Peer-to-Peer Electronic Cash System”. Bitcoin. https://bitcoin.org/bitcoin.pdf.
Paraná, Edemilson. 2020. Bitcoin: a Utopia Tecnocrática do Dinheiro Apolítico. Autonomia Literária.
Reis, Elisa. 1989. “Reflexões sobre o homo sociologicus”. Revista Brasileira de Ciências Sociais 4 (11).
Rotta, Tomás N., e Edemilson Paraná. 2022. “Bitcoin as a digital commodity”. New Political Economy 27 (6): 1046- 61. https://doi.org/10.1080/13563467.2022.2054966.
Smelser, Neil J., e Richard Swedberg. 2005. “Introducing Economic Sociology”. In The Handbook of Economic Sociology, edited by Neil J. Smelser, Richard Swedberg. Princeton University Press.
Weber, Max. 2000. Economia e Sociedade: fundamentos da sociologia compreensiva. Universidade de Brasília.
Weber, Max. 2020. A ética protestante e o espírito do capitalismo. Edipro.
Zelizer, Viviana A. 1989. “The Social Meaning of Money: ‘Special Monies’”. American Journal of Sociology 95 (2): 342-77. http://www.jstor.org/stable/2780903.
Downloads
Published
How to Cite
Issue
Section
License
Copyright (c) 2025 Davi Ribeiro de Camargo, Caio Rodrigues Dall Cortivo, Clarisse de Moura Ramos Rossi, Diego Miguel Mendes Silva, Ellen Morais Fernandes, Julia Rampazzo Cavalcanti, Isabela Maeda Otsuki

This work is licensed under a Creative Commons Attribution 4.0 International License.





