In recent years, the popularity and price of Bitcoin has increased tremendously, but its role remains unclear. Bitcoin is an investment, a store of value and is less and less presented as a means of payment, as it was originally designed. I have put together a theoretical model based on the diffusion of innovations theory and the theory of planned behavior. The purpose of the theoretical model is to determine which innovation attributes (compatibility, relative advantage, visibility and complexity/simplicity) influence the intention to use Bitcoin as a means of payment. I collected the data through an online survey whose target population was people who already had experience with Bitcoin. The timing of the first use of Bitcoin as a means of payment has a significant impact on intent. Aditionally, it turned out that the factors that would be expected for means of payment such as fast, simple transactions with low commissions were not statistically significant predictors of intent to use. There is a political element in play when determining the intention to use Bitcoin as a payment system that is usually not expected in traditional payment systems. Statistically significant predictors were factors expressing the freedom of choice and public bookkeeping regarding currency. Based on the results, some points of interest were revealed, but a number of limitations in the research were also identified.
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