Km.

23 Sumulong Hwy,
Antipolo, 1870 Rizal
(02) 8571 8993
Olfu.rdic@yahoo.com

May 28, 2022

Medina, Ann Margarette T.

College of Business and Accountancy
Reference Number: __________________

Dear Ms. Medina,

I am pleased to inform you that the research protocol for your research entitled A COMPARATIVE
ANALYSIS OF CRYPTOCURRENCY AND BANKING AS AN INVESTMENT IN SELECTED
TOWNS IN NCR AND RIZAL PROVINCE has been APPROVED by the Institutional Ethics Review
Committee of the Our Lady of Fatima University. This means that your research protocol has passed the
ethical standards imposed by the Philippine Health Research Ethics Board (PHREB).

The following are the standard guidelines for you to follow:

1. This approval will take effect for a period of twelve (12) months. At the end of this period, if
the project has not been completed, you are required to accomplish an Application for
Continuing Review Form, one month before the period ends, in order to renew the approval
for another term.
2. Once the study has been completed, or if for any instance terminated at an earlier time, you are
required to submit a Study Completion/Termination Form, so that the committee can officially
close the protocol.
3. The approved research protocol much be followed at all homes in order to protect the integrity
of your human subjects. Changes in the protocol and materials utilized in the study necessitate
you to submit a Protocol Amendment Form, to be approved by the committee once received
4. In such occurrence when the protocol was not followed, you are required to accomplish a
Protocol Deviation Violation Form within seven (7) working days after the occurrence in
order to document the event.
5. For studies that require longer periods of investigation, a Progress Report Form must be
accomplished every semester.
6. Failure to comply with the standard guidelines can lead to disapproval, or termination of the
research protocol.

I, together with the ethics committee, am very much excited for the completion of your investigation.

Sincerely,
Norbert Lewin F.Soliven, MAN, LPT, RN
Chair, Institutional Ethics Review Committee
Our Lady of Fatima University – Antipolo Campus

OUR LADY OF FATIMA UNIVERSITY COLLEGE OF BUSINESS AND ACCOUNTANCY

 A Comparative Analysis of Cryptocurrency and Banking as an Investment in Selected

Towns in NCR and Rizal Province

Catherine Kaye R. Laganzon ¹²³, Ann Margarette T. Medina¹²³, Ma. Dexter

Louise T. Pueda¹²³, Mrs. Marie, Stacy Margarette P. Diaz¹²³⁴

¹College of Business and Accountancy

²Research Development and Innovation Center

³Our Lady of Fatima University

⁴Research Adviser

May 2022

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COMPARATIVE ANALYSIS OF CRYPTOCURRENCY AND BANKING… i

Endorsement

This thesis entitled: "A COMPARATIVE ANALYSIS OF CRYPTOCURRENCY AND

BANKING AS AN INVESTMENT IN SELECTED TOWNS IN NCR AND RIZAL

PROVINCE“prepared by Cristina Jane S. Mendoza et al. of BK4Y1-1, in partial fulfillment of

the requirements for the degree of Bachelor of Science in Business Administration Major in

Banking has been examined and now recommended for Oral Examination,

Ms. Marie Stacy Margarett P. Diaz, CPA, CAT, MST

Research Adviser
Our Lady of Fatima University- Antipolo
_____________________________________________________________________________

This is to certify that the thesis: * A COMPARATIVE ANALYSIS OF

CRYPTOCURRENCY AND BANKING AS AN INVESTMENT IN SELECTED TOWNS

IN NCR AND RIZAL PROVINCE * Prepared and submitted by Catherine Kaye R.

Laganzon, Ann Margarette T. Medina, Ma. Dexter Louise T. Pueda of BSA 3-2, has

successfully passed the Oral Examination.

Mr. Ariel Serrano, CPA

Chair of Panel

Dr. Glenn Villapando, JD Mrs. Maria Lourdes Cruz, CPA

Member Member

Dr. Norma A. Gappi, CPA

Program Head
Accountancy Department
Our Lady of Fatima University- Antipolo

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COMPARATIVE ANALYSIS OF CRYPTOCURRENCY AND BANKING… ii

Certificate of Originality

We hereby declare that this thesis is our own work and that, to the best of our knowledge

and belief. It contains no material previously published or written by another person or material

to which to a substantial extent has been accepted for award of any other degree or diploma of a

university or other institute of higher learning except where due acknowledge in the text.

We also declare that the intellectual context of this thesis is the product of our work, even

though we may have received assistance from others on style, presentation and language

expression.

Ann Margarette T. Medina

Principal Investigator

Members:

Catherine Kaye R. Laganzon

Ma. Dexter Louise T. Pueda

Ms. Marie Stacy Margarett P. Diaz, CPA, CAT, MST

Research Adviser
Our Lady of Fatima University- Antipolo

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Table of Contents
Endorsement.....................................................................................................................................i
Program Head...............................................................................................................................i
Certificate of Originality.................................................................................................................ii
Research Adviser.........................................................................................................................ii
Table of Contents...........................................................................................................................iii
ABSTRACT....................................................................................................................................v
1.0 INTRODUCTION......................................................................................................................1
1.1 Background of the Study........................................................................................................1
1.2 Literature Review...................................................................................................................2
1.2.1 Banking...........................................................................................................................2
1.2.2 Cryptocurrency................................................................................................................2
1.1.2.3 Cost of Investment........................................................................................................3
1.2.4 Return on investment.......................................................................................................3
1.2.1 Variable Discussion........................................................................................................4
1.2.1.1 Cryptocurrency..........................................................................................................4
1.2.1.2 Banking.....................................................................................................................5
1.2.1.3 Cost of Investment....................................................................................................5
1.2.1.4 ROI............................................................................................................................5
1.3 Research Questions................................................................................................................6
1.4 Hypothesis..............................................................................................................................6
1.5 Theoretical Framework..........................................................................................................6
1.5.1 Theories of Investment....................................................................................................6
1.6 Research Paradigm ................................................................................... 7
1.7 Significance of the Study.......................................................................................................7
1.7.1 Future researcher.............................................................................................................7
1.7.2 Investors..........................................................................................................................8
1.7.3 Researchers......................................................................................................................8
1.8 Definition of Terms................................................................................................................8
2.0 METHODS OF RESEARCH.....................................................................................................8
2.1 Research Methods..................................................................................................................8

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Research locale............................................................................................................................9
2.3 Population and Sampling.......................................................................................................9
2.4 Research Ethics......................................................................................................................9
2.5 Research Instruments.............................................................................................................9
2.6 Data Collection....................................................................................................................10
Data Analysis.............................................................................................................................10
3.0 REFERENCES........................................................................................................................10
4.0 APPENDICES.........................................................................................................................11
4.1 Letter of Permission to Conduct a Survey............................................................................11
4.2 Informed Consent Form for the Respondents.......................................................................12
4.3 Validation Letter...................................................................................................................13
4.4 Statistician’s Letter...............................................................................................................14
4.5 Survey Questionnaire Form..................................................................................................15
4.6 About the Researchers..........................................................................................................17

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ABSTRACT

This research studies the comparative analysis of cryptocurrency and banking as an

investment in selected towns in NCR and Rizal Province. The researchers aim to examine the

effectiveness level of both cryptocurrency and banking as an investment in terms of cost of

investment and return on investment. Researchers will use survey questionnaire through google

forms to be distributed to 50 respondents residing in NCR and Rizal. Respondents which are all

investors will determine which among the investment methods are more effective and

advantageous for them while using Likert scale method. As a result, the article aims to

understand what is more effective among the Cryptocurrency and Banking as an investment

method. Results will be supported by research article and journal gathered from different

resources.

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1.0 INTRODUCTION
1.1 Background of the Study
A cryptocurrency is a digital form of designed to work as a medium of exchange through a

computer network that is not reliant on any central authority, such as a government or bank,

to uphold or maintain it. During the surge of the pandemic, many Filipinos discovered that

investing in cryptocurrency is a good source of one for daily living and very accessible

nationwide. Cryptocurrency can also be gained through the form of games like Axie,

Pegasus, and Bomb Crypto which makes it more interesting to do. In 2021, Bitcoin (BTC),

Ethereum (ETH), Solana (SOL), Avalanche (AVAX), Yearn.finance (YFI), Polygon

(MATIC), Dogecoin (DOGE) are the top cryptocurrency that most people invest into.

Although cryptocurrency can be interesting and fun it also has its own disadvantages and

advantages when it comes to investing, not just money but also the time and effort that the

users give. With the rise in popularity of cryptocurrencies, there is a rising demand for

clarification on the legal implications of these new currencies and the technology that fuel

them.

With the rising popularity of cryptocurrency, there is a hesitation for traditional banks to

adopt the technology of using digital assets. The Association of Certified Anti-Money

Laundering Specialists (ACAMS) and the U.K.’s Royal United Services Institute conducted

a study that shows most of the respondent thinks that cryptocurrency is more of a risk than a

opportunity. Banks are cautious of cryptocurrency because of decentralized nature, lack of

anti-money laundering (AML) and know your customer (KYC), and volatility.

Nowadays, investment is very important in the lives of everyone since the longevity of

one’s life is unpredictable. Investing in banks helps individuals and institutions by

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underwriting the debt and equity securities, assisting in the sale of securities and facilitating

merger and acquisitions, organizations, and broker trades. Investing in cryptocurrency and

banks have an interesting similarities and differences that is why the researchers conducted a

study about this matter.

In the article, the researchers examine cryptocurrency as a great alternative investment

platform. As cryptocurrency rose, people became more invested in knowing more about how

crypto works and how to invest in it. Due to economic shock that cause heavy loss to the

businesses, the researchers hypothesized that investors see an opportunity on cryptocurrency

to regain their losses as it gets popularized more when big names enter the space including

Tesla and SpaceX founder Elon Musk, boxing legend Mike Tyson, Oscar winning doyenne

Gwyneth Paltrow, and many more huge investors. “In the article, the researchers examine

cryptocurrency as a great alternative investment platform. As cryptocurrency rose, people

became more invested in knowing more about how crypto works and how to invest in it”

(Sirico, 2021).

Before people get to know cryptocurrency, bank investment is the adaptable way of

investing. Even though there are new investing platforms, there are still lots of people who

chooses Banking investment as it gives them security and certainty of future funds

(Keythman, 2019).

The study aims to rationalize which investment method compliment well to the

respondents. Results of the paper will provide information to the future investors and give

them perspective on what investment method is advantageous for them.

1.2 Literature Review

1.2.1 Banking

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According to David Stowell (2018) investment banking changed dramatically during the

20-year period preceding the global financial crisis, as market forces pushed banks from their

traditional low-risk role of advising and intermediating to a position of taking considerable risk

for their own account and on behalf of clients. These activities exposed the industry to significant

shocks during the financial crisis. The activities of investment banks impact the global economy

and are very important to the smooth functioning of capital markets. Banking helps investor to

have plenty of choices to consider when investing their money

1.2.2 Cryptocurrency
Cryptocurrency is a subset of the class of digital currency (Lee [2015]), but it has become

an important type of digital currency. Unlike other digital currencies that can be centrally issued,

circulated within a community or geographical location, or tied to fiat currency or the

organizations issuing them, cryptocurrency has very different characteristic. Lee (2015) said that,

unlike real assets, are digital assets, and their fundamental value is hard to comprehend. As a

result, we believe that the cryptocurrency market is mainly driven by investor sentiment, leading

to high volatility. These innovations and the perceived investment potential have led to rapid

growth in the number of altcoins and the market size of a cryptocurrency. According to

CoinMarketCap,2 nearly 869 cryptocurrencies are currently trading around the world with a

combined market capitalization The major drawback of the traditional fiat currency payment

system is high transaction fees with a long settlement period, which has led people to alternative

currencies that allow for shorter peer-to-peer (P2P) processing time without intermediaries,

resulting in a thriving market for digital currencies that have lower settlement risk.

1.1.2.3 Cost of Investment

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According to Gianfranco Gianfrate, Dirk Schoenmaker and Saara Wasama (2018) cost of

capital is a key element for corporate financing and investment decisions. Since cost of capital is

a measure of investors’ perceptions on what is value-relevant, the growing global interest in

sustainability suggests that environmental, social and governance (ESG) and corporate social

responsibility (CSR) practices might be priced by investors. In this paper, we present a literature

review of studies that examine the relationship between environmental performance (EP) and

firms’ cost of capital (COC). Knowing the cost of capital will help the investors to know when pr

where to invest their money. This will also help them to know if they will invest a large pr small

amount of money, guaranteeing that there will be a return by the end.

1.2.4 Return on investment

On the article of Basant (2008) entitled “Investment Banking”, it is expected that banks

with high ratings tend to earn high expected returns for the risks they assume and thereby have a

low probability of experiencing financial distress. Bank ratings, a measure of a bank’s intrinsic

safety and soundness, should therefore be able to capture the bank’s ability to manage financial

distress while achieving risk-return and enabling to return the investments of investor. Investing

in stocks1, for example, has the potential to provide higher returns. In contrast, investing in a

money market or a savings account likely won’t offer the same return potential but is considered

less risky than investing in stocks. The amount of risk you carry depends on your appetite or

tolerance for risk. Only you can decide how much risk you’re willing to take for the potential of

higher returns. But if you’re seeking to outpace inflation, taking on some risk may be necessary.

An increase in risk may provide more potential for your money to grow. To help increase the

potential benefits of compounding, start investing as soon as possible.

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Crypto As cryptocurrencies become popular and market places for cryptocurrencies are

growing rapidly. Understanding the rate of return can support cryptocurrency world is and how

design choices affect investors. Nizar (2021) said that even though cryptocurrency is an online

platform to invest, return depends on how the investor manage their assets. A lot of tokens can

be invested in the world of crypto. He also mentioned that profit cannot just doubled that’s why

investors putting their assets on risk. Overtime, a lot of businesses had close that made them to

find ways to earn their capitals as soon as it can be gained Laura (2019).

1.2.1 Theoretical Framework

1.2.1 Theories of Investment
John M. Keynes and Irving Fisher (2013) argued that investments continue until the

present value of expected revenues, at the margin, are equal to the opportunity cost of capital.

Meaning that investments continue until the net present value equals zero. Having a great return

on investment, which goes above the capital investment, will make the investment worthwhile.

Fisher referred to the discount rate as the rate of return over costs or the internal rate of

return. Keynes, on the other hand, called it the marginal efficiency of capital, (Baddeley, 2003,

and Alchian, 1955). Keynes (1936) argued that investments are made until "there is no longer

any class of capital assets of which the marginal efficiency exceeds the current rate of interest"

(as quoted in Baddeley, 2003, p. 34). The fundamental difference between the "Keynesian view"

and Fisher ("Hayekian view") lies in the perception of risk and uncertainty, and how expectations

are formed. Keynes did not regard investment as an adjustment process toward equilibrium.

Hayek (1941) and Fisher (1930), on the other hand, regarded investment as an optimal

adjustment path towards an optimal capital stock. In the Keynesian theory investment are not

determined by some underlying optimal capital stock. Instead, genuine or radical uncertainty

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takes a central position. Keynes believed that humans were "animal spirited" and that this,

combined with irrational and volatile expectations, made the thought of investment as an

adjustment process toward equilibrium futile.

1.2.2 Variable Discussion

1.2.2.1 Cryptocurrency
Cryptocurrency is a subset of the class of digital currency (Lee [2015]), but it has become

an important type of digital currency. Unlike other digital currencies that can be centrally issued,

circulated within a community or geographical location, or tied to fiat currency or the

organizations issuing them, cryptocurrency has very different characteristic. L (2015) said that

unlike real assets, are digital assets, and their fundamental value is hard to comprehend. As a

result, we believe that the cryptocurrency market is mainly driven by investor sentiment, leading

to high volatility. These innovations and the perceived investment potential have led to rapid

growth in the number of altcoins and the market size of cryptocurrency. According to

CoinMarketCap,2 nearly 869 cryptocurrencies are currently trading around the world with a

combined market capitalization The major drawback of the traditional fiat currency payment

system is high transaction fees with a long settlement period, which has led people to alternative

currencies that allow for shorter peer-to-peer (P2P) processing time without intermediaries,

resulting in a thriving market for digital currencies that have lower settlement risk.

1.2.2.2 Banking
Terry Turner (2022) stated that banking is the business of protecting money of

individuals, businesses and other entities. Banks offer banking service that gives convenience

and security to people who wanted to invest, insure, or grow their wealth. It also covers other

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financial transactions like credit service. The most common type of banking services is

investment.

1.2.2.3 Cost of Investment

Cost is the total expenditure incurred to produce some type of output. From an

accounting perspective, the total cost concept is more applicable to financial reporting, where

overhead costs must be assigned to certain assets. Kelleher (2022) said that in cryptocurrency,

cost of investment may vary on the token that the person wants to invest.

1.2.1.4 ROI
Emily Birken and Banjamin Curry (2021) stated that return on investment (ROI) is a

metric used to understand the profitability of an investment. ROI compares how much you paid

for an investment to how much you earned to evaluate its efficiency. When you put money into

an investment or a business endeavor, ROI helps you understand how much profit or loss your

investment has earned. Return on investment is a simple ratio that divides the net profit (or loss)

from an investment by its cost. Because it is expressed as a percentage, you can compare the

effectiveness or profitability of different investment choices.

1.3 Research Questions

1. What is the perceived level of effectiveness of Cryptocurrency as an investment in terms

of:

 Cost of Investment

 Return on Investment

2. What is the perceived level of effectiveness of Banking as an investment in terms of:

 Cost of Investment

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 Return on Investment

3. Is there a significant diff in the level of effectiveness as an investment of cryptocurrency

as compared to Banking?

1.4 Hypothesis
H₀: There is no significant difference between the effectiveness of doing investment

using banking and cryptocurrency

1.5 Research Paradigm

INDEPENDENT VARIABLE DEPENDENT VARIABLE

1. Cryptocurrency as an
Investment
2. Banking as an Investment
OUR LADY OF FATIMA UNIVERSITY
1. Effectiveness of Cryptocurrency as
an Investment in terms of:
a. Cost of Investment
b. Return of Investment (ROI)
2. Effectiveness of Banking as an
Investment in terms of:
a. Cost of Investment
b. Return of Investment (ROI)
COLLEGE OF BUSINESS AND ACCOUNTANCY
COMPARATIVE ANALYSIS OF CRYPTOCURRENCY AND BANKING… 9

1.6 Significance of the Study

1.6.1 Future researcher
This article will help the future researchers to use this as reference with their future studies as

cryptocurrency will remain as an investing platform in the future. Future researchers who want to

study more about investment and its different platform while diving deeper to the importance of

knowing why the study was conducted. They can use this as reference to see how investor’s

perception changes overtime.

1.6.2 Investors
For the investors to know which investment platform fits their strategy using the data

gathered and which platform will satisfy or benefit them in the future

1.6.3 Researchers
The researcher will help investors know which investment platform is more fitting or

beneficial for them in terms of their investment approach and how future researchers compare

new types of investment platforms to crypto and bank investment.

1.7 Definition of Terms

2.0 METHODS OF RESEARCH

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2.1 Research Methods

The researchers used a quantitative approach in gathering the data. This research method

focuses on quantifying the collection and analysis of data. The correlational quantitative research

design used in the study presents the data to understand further the relationship between the

variables.

2.2 Research locale

The study was conducted in selected areas in NCR and Rizal. The researchers concentrated

on areas where target respondents are present.

2.3 Population and Sampling

The data will be collected using the snowball method combined with the purposive sampling

technique. The researchers will locate and select a group of experienced and educated individuals

in the topic of interest that will also refer to an individual with a common interest. The

researchers purposely chose at least 50 respondents and used this sampling method to have a

credible outcome.

2.4 Research Ethics

The researchers provide different ethical implications that they followed: [1] Principle of

respect for persons states that individual should have the consent for participating in the study

and have the right to withdraw in participating any time they want. [2] Principle of justice states

that participants are selected according to the procedures and treated humanely without any

discrimination. [3] Right of privacy states that the subjects have the freedom to determine the

time, extent, and general circumstances under which their private information will be shared or

withheld with others.

2.5 Research Instruments

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In this study, the researchers used a questionnaire through google form to acquire the needed

information for this topic. The questionnaire is composed by series of questions about

Cryptocurrency and Banking as an Investment in NCR and Rizal. The questions are answered by

the respondents based on their knowledge and experience using the Likert scale where they can

choose from Very Satisfied (5), Satisfied (4), Neutral (3), Dissatisfied (2) and Very Dissatisfied

(1). To be able to determine the answers, the respondents will put a check mark on the box of

their preferred choice.

2.6 Data Collection

In conducting the study, the researchers prepared first a permission letter to perform the

survey and submitted it to the program head to be approved. After the permission was approved,

the researchers then prepared the survey questionnaire. The researchers selected respondents they

know that have knowledge and experience in the field of the study. Subsequently, the researchers

asked the first set of respondents to refer any respondent they might know that has experience in

the field of the study.

2.7 Data Analysis

3.0 REFERENCES

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4.0 APPENDICES

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APPENDIX A
Letter of Permission to Conduct a Survey

To our respondents:

Good Day!
We, the 3rd year students of Our Lady of Fatima University taking Bachelor of Science in
Business Administration Major in Accountancy is humbly asking for your participation to meet
our objectives by answering the questionnaire. It is part of our data gathering procedure four our
research entitled “A Comparative Analysis of Cryptocurrency and Banking as an
Investment in NCR and Rizal”

Thank you for your kind response and assistance

Sincerely yours,
Ann Margarette T. Medina
Catherine Kaye R. Laganzon
Ma. Dexter Louise T. Pueda

Signed by:

Marie Stacy Margarett P. Diaz, CPA, CAT, MST Mr. Francis C. Castro, MBA
Research Adviser University Statistician
Our Lady of Fatima University
Our Lady of Fatima University

Dr. Norma A. Gappi, CPA

Program Head
Accountancy Department
Our Lady of Fatima University- Antipolo

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APPENDIX B
Informed Consent Form for the Respondents

May 11, 2022

Greetings,

The undersigned are conducting research entitled “Comparative Analysis of Cryptocurrency

and Banking as an Investment in NCR and Rizal” study as one of the requirements in the
course Accounting Research Methods for the degree, Bachelor of Science in Accountancy. Thus,
we would like to ask your permission to answer the pertinent questions as part of the data
gathering procedure.

Rest assured, the data collected will be treated with the utmost confidentiality in that strict
observance of the research ethical processes will be followed. We are hoping that this request
will merit your consideration and approval.

Thank you!

Respectfully yours,
Medina, Anne Margarette T.
Laganzon, Catherine Kaye R.
Pueda. Ma, Dexter Louise
Researchers
Endorsed by:
Marie Stacy Margarett P. Diaz, CPA, CAT, MST
Research Adviser
Our Lady of Fatima University- Antipolo

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APPENDIX C

Validation Letter

May 2022

CERTIFICATION

This is to certify that Medina, Anne Margarette T., Laganzon, Catherine Kaye R., and Pueda.
Ma, Dexter Louise who are working on the research paper entitled “Comparative Analysis of
Cryptocurrency and Banking as an Investment in NCR and Rizal”, has confer with me for
the validation of their Aid of the interpretation of our interview. I acknowledge them for their
effort to consider our judgement regarding our experiences.

This certification was issued for whatever purpose it may serve.

Marie Stacy Margarett P. Diaz, CPA, CAT, MST

Research Adviser
Our Lady of Fatima University- Antipolo

Date:

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APPENDIX D

Statistician’s Letter

May 2022

CERTIFICATION

This is to certify that Medina, Anne Margarette T., Laganzon, Catherine Kaye R., and Pueda
Ma., Dexter Louise who are working on the research paper entitled “Comparative Analysis of
Cryptocurrency and Banking as an Investment in NCR and Rizal” has conferred with me for
the statistical analysis of the research paper. I acknowledge them for their efforts to consider my
judgments" regarding the statistics of their paper.

This certification was issued for whatever purpose it may serve.

Mr. Francis C. Castro, MBA

University Statistician
Our Lady of Fatima University- Antipolo

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APPENDIX E

Survey Questionnaire Form

Type of investor (Bank/Crypto): _______________ Age: _____________

We are the Accounting students of Our Lady of Fatima University- Antipolo Campus who are
enrolled in Accounting Research Method. Presently, we are conducting a research survey. In this
regard, please give us your valuable time and effort to answer all the questions in the
questionnaire that are important and useful in conducting the survey. Rest assured that all data
collected from you will be treated with the strictest confidentiality. Your positive response to this
request is a valuable contribution to the research. Thank you for the collaboration.

Criteria

1. Have you invested in both Cryptocurrency and Banking as an investment?

o Yes
o No

Please rank the efficiency of the following investment type in terms of cost of investment and
return on investment on a scale of 1-5. (5 – Strong Agree, 4 – Agree, 3 – Neutral, 2 –
Disagree, 1 - Very Disagree)

2. Which is more efficient between the two investment methods in terms of Cost and Return on
Investment?
2.1 CRYPTOCURRENCY

CRYPTOCURRENCY
COST OF INVESTMENT

5 4 3 2 1

1. Is the initial investment

affordable?

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COMPARATIVE ANALYSIS OF CRYPTOCURRENCY AND BANKING… 18

2. The amount of maintaining

balance to receive interest is
affordable?

CRYPTOCURRENCY
ROI

5 4 3 2 1

1. Are you satisfied with your gain on

capital? (eg. Interest gained/profit)

2. Are you satisfied with your gain on

short-term investment?

3. Are you satisfied with your gain on

long-term investment?

2.2 BANKING

BANKING
COST

5 4 3 2 1

1. Is the initial investment affordable

for you?

2. Maintaining balance

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COMPARATIVE ANALYSIS OF CRYPTOCURRENCY AND BANKING… 19

BANKING
ROI

5 4 3 2 1

1. Are you satisfied with your gain

on capital? (eg. Interest
gained/profit)

2. Are you satisfied with your gain

on short-term investment?

3. Are you satisfied with your gain

on long-term investment?

APPENDIX F
About the Researchers

OUR LADY OF FATIMA UNIVERSITY COLLEGE OF BUSINESS AND ACCOUNTANCY