@article{MAKHILLIBM201711627228, title = {The Diffusion and Adoption of Bitcoin: A Practical Survey for Business}, journal = {International Business Management}, volume = {11}, number = {6}, pages = {1278-1288}, year = {2017}, issn = {1993-5250}, doi = {ibm.2017.1278.1288}, url = {https://makhillpublications.co/view-article.php?issn=1993-5250&doi=ibm.2017.1278.1288}, author = {Gohar,Jacob,Haejin and}, keywords = {Cryptocurrency,Bitcoin,Technology Adoption Model (TAM),Innovation Diffusion Theory,international business application,analysis}, abstract = {As an emerging form of cryptocurrency, Bitcoin has become increasingly prevalent in today’s financial marketplace. As a new technological instrument, this study examines Bitcoin by utilizing the technology adoption model and innovation diffusion theory. By utilizing such a framework, this study examines the factors that are associated with a decision to adopt Bitcoin as a means of financial exchange. By employing structural equation modeling and the partial least squares method, a research model was developed and tested using an international study that surveyed 121 global cryptocurrency community members. From our analysis we found that relative advantage and ease of use had a significant positive effect on bitcoin use intention while visibility and compatibility were also found to have a statistically positive impact. The results from this study have important implications to the finance and business sectors.} }