According to the latest research from Morning Consultant, celebrity opinions have a big influence on crypto investors.
After conducting a survey among 2.2 thousand Americans, analysts found that almost half of cryptocurrency owners turn to celebrities for advice, but financial advisors still have more influence on decision making.
The share that would invest in cryptocurrency if it approved by the following people:
Online stars are trusted by about 45% of crypto investors, and the opinion of financial advisors - by 81%.
At the same time, retail crypto holders are more likely to turn to celebrities for advice on investment strategy than large investors. Such players more often choose traditional financial advisors.
Cryptocurrency owners tend to be younger and trust social networks more when making financial decisions.
Piplsay analysts came to similar conclusions at the beginning of the year. According to their data, almost 40% of Americans invested in cryptocurrencies after Elon Musk’s tweets. More than 64% of crypto investors follow the businessman’s account.
Subscribe to ForkNews on Telegram to stay up to date with news from the world of cryptocurrencies
You May Also Like
US inflation jumps to 30-year high
US prices are rising at the fastest pace in three decades. Inflation will likely continue to rise.
The rise of the Shiba Inu token. What is the reason for his success?
The Shiba Inu (SHIB) cryptocurrency, which appeared as a meme in 2020, has risen in price a million times in a year, and its market capitalization today is almost $42 billion - the token is among the top 10 currencies by market capitalization. What is the reason for such incredible success of this project?
