MPhil Thesis Presentation - The Cryptocurrency’s Social Value: Evidence From Local Public Financing Cost

This paper examines the impact of the local popularity of cryptocurrencies on the cost of public financing using data on the number of crypto ATMs in US counties. After controlling for local economic and social conditions and characteristics of municipal bonds, the empirical results of this paper show that the use of cryptocurrency will reduce local public financing costs. In addition, the local popularity of cryptocurrency will lower the number of local criminal cases. The results of this paper show that the popularity of cryptocurrency has a positive impact on local communities.