The Ripple of Social Media in Crypto Markets
The cryptocurrency world is a wild ride, and social media plays a huge part in that. A single rumor can send prices soaring or crashing down in no time, as we’ve seen recently with the chatter around David Marcus, the former PayPal President. His alleged praise of the Bitcoin white paper as the “best written work in monetary history” stirred up a lot of talk, but the lack of a credible source has left everyone on edge, showcasing how unverified claims can shake up the market.
The decentralized nature of crypto, combined with little regulatory oversight, makes it a prime target for rumors. When false information floods the internet, panic selling or buying can ensue. We’ve all seen “pump-and-dump” schemes at play, where coordinated…
