Social Media Users More Likely to Invest in Crypto
As social media grows, so too does awareness of cryptocurrencies. And hearing about them online may affect people’s behavior, according to a new study from the University of Georgia.
Cryptocurrencies, or “crypto,” are digital currencies used for both payment and investment. They’ve seen a surge in popularity over the past decade, especially as more people learn about them through social media.
The study found that about half of social media users surveyed have invested in digital currencies. And the more social media platforms a user was active on, the more likely they were to invest.
Meanwhile, only 10% of non-social media users had invested in crypto.
YouTube, Reddit, Twitter and Clubhouse users were the most likely to invest in…
