Published September 21, 2025 | Version 1.0
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Towards a Bitcoin Comprehension Index: A Conceptual Framework Combining Financial Literacy, Critical Thinking, and Behavioral Biases.

Description

Since its inception in 2009, Bitcoin has consolidated itself as a global phenomenon that combines technological innovation with economic transformation. However, the actual degree of comprehension of this cryptocurrency varies significantly among users, and to date no integrative index has been developed to systematically evaluate it.

This paper proposes the ALBA-BTC Index (Analytical, Literacy & Bias-Adjusted Bitcoin Index) as a conceptual framework for measuring Bitcoin comprehension across eight dimensions: financial literacy, technical knowledge, critical thinking, curiosity, ego, cognitive biases, environment, and experience. The index is presented as a flexible formula with open weights, allowing for future empirical validation through surveys and statistical analysis.

The contribution of the ALBA-BTC Index is threefold: first, it synthesizes into a single model variables that have traditionally been analyzed separately in the literature on financial literacy, technology adoption, and behavioral economics. Second, it provides a pedagogical instrument applicable in educational, community, and professional contexts. Finally, it opens the door to future interdisciplinary research aimed at validating and expanding the proposed framework.

Taken together, the index represents a first step toward the systematic measurement of Bitcoin comprehension, integrating cognitive, social, and experiential factors into a novel and holistic approach.

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