Widi Suryo Pratama
Universitas Maarif Hasyim Latif

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The Influence of Financial Literacy, FOMO (Fear of Missing Out), and Risk Perception on Cryptocurrency Investment Interest among Generation Z in Driyorejo District Widi Suryo Pratama; Pancanto Kuat Prabowo; Reza Achmad Sabillah; Muhammad Randi Darmawan
Escalate : Economics and Business Journal Vol. 4 No. 4 (2026): Escalate : Economics and Business Journal
Publisher : Takaza Innovatix Labs Ltd.

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.61536/escalate.v4i4.827

Abstract

This study aims to analyze the relationship between financial literacy, Fear of Missing Out (FOMO), and risk perception and cryptocurrency investment interest among Generation Z in Driyorejo District, Gresik Regency. The study employed a quantitative approach with an explanatory research design. Data were collected using a structured questionnaire with a five-point Likert scale. The population consisted of 3,207 individuals from Generation Z. Based on the Slovin formula with a 10% margin of error, the calculated sample size was 96.97, rounded to 97 respondents. However, the study collected data from 100 respondents selected through purposive sampling. The data were analyzed using SPSS, including validity and reliability tests, classical assumption tests, multiple linear regression, t-tests, F-tests, and the coefficient of determination. The results showed that financial literacy (B = 0.164; p = 0.011), FOMO (B = 0.017; p = 0.026), and risk perception (B = 0.390; p = 0.006) were each positively and significantly associated with cryptocurrency investment interest. Simultaneously, the three independent variables were statistically significant (F = 64.787; p < 0.001). The model produced an unadjusted R² of 0.669 and an adjusted R² of 0.659, indicating that the model explained 66.9% of the observed variation in investment interest before adjustment and 65.9% after adjustment for the number of predictors and sample size. These findings indicate significant statistical relationships between the three variables and cryptocurrency investment interest among Generation Z in Driyorejo District.