Unraveling the Enigmatic Tapestry of Moroccan Financial Dispositions Towards Cryptocurrencies: An Analytical Odyssey Through Cluster Dynamics

Abstract

This study explores the intricate landscape of Moroccan attitudes towards cryptocurrencies, employing a dual-methodological approach combining Hierarchical and K-Means Clustering. Through the analysis, five distinct clusters emerged, reflecting a spectrum of financial dispositions ranging from cautious observers to advocates of decentralization. Each cluster embodies unique attitudes and behaviors towards cryptocurrencies, reflecting varying levels of knowledge, skepticism, and enthusiasm within the Moroccan populace. The findings underscore the importance of understanding the psychological underpinnings of cryptocurrency adoption and suggest implications for policy, regulation, and educational strategies tailored to different segments of the population. Overall, this research contributes to a nuanced understanding of financial psychology in the context of digital currencies, providing insights that can inform inclusive and dynamic approaches to cryptocurrency adoption in Morocco and beyond.