Regular Investors are Flocking to Finfluencers and Podcasts to Learn All Things Crypto
Digital currencies such as Bitcoin, Ethereum and meme favorite Dogecoin have garnered an impressive amount of hype in the last couple of years.
2021 has especially stood out as a remarkable year for digital coins and they have been a hot topic of discussion among notable billionaire investors such as Elon Musk and Mark Cuban.
In many ways, 2021 has been a “breakthrough” year, according to Dave Abner, the head of global development at Gemini, a popular cryptocurrency exchange. “There’s tremendous focus and attention being paid to [the crypto industry],” Abner said.
This year the crypto world has seen more institutional buying, an increase in positive regulatory talks, and a tremendous boost in interest from regular people of all ages. Trading has exploded in popularity due to the rise of exchanges and platforms that make buying and selling coins easy.
It’s hard to imagine that a little over a decade ago, Bitcoin was trading well under a penny at around $0.0008. Fast forward to this year and the number one digital currency broke highs many times and even reached an all-time high of $68,778.48 earlier this month.
Cryptos like Bitcoin have become one of the most buzz worthy topics in popular culture thanks to big investors and influencers using social media platforms and other mediums to discuss the coins.
A single tweet from Tesla’s CEO Elon Musk has driven the crypto markets significantly up and down.
Bitcoin stock jumped after Musk said the electric vehicle maker would accept the cryptocurrency as payment, provided that mining for it ran on clean energy. The coin later saw an abrupt drop when Musk tweeted concerns over its energy usage.
Musk has also been an enormous influence with popular meme coin Dogecoin, helping to push it up over 500% in just a single trading day.
Despite the power of Musk’s tweets, investing in cryptocurrency is getting easier all the time because of online companies adopting it and other influencers talking about it on the internet.
Influencers on YouTube, Twitter, TikTok, Reddit and other platforms, find that financial content, such as cryptocurrency, is a successful formula.
“With bitcoin’s value soaring in recent months, new investors may be eager to get in on the action,” said Emma Fletcher, an analyst with the FTC.
Cryptocurrencies have been around for over a decade, but today, there are over 10,000 different cryptocurrencies, with an estimated total value of a staggering $3 trillion according to CoinGecko.
Crypto pioneers have taken to the internet and to podcasts to share market insights and perspectives for a global audience. Anyone who is joining the crypto bandwagon and wants to stay on top of all things crypto is quickly learning that following influencers is an easy way to go about it.
One of the top crypto influencers in the world is Ethereum co-founder, Vitalik Buterin. He is not only one of the world’s youngest billionaires, but he is also the co-founder of Bitcoin Magazine. The magazine is one of the oldest and most established sources of news on Bitcoin and blockchain technology.
With nearly two million followers on Twitter, Buterin shares insightful commentaries about crypto and blockchain.
John McAfee, the man who founded the renowned cybersecurity software McAfee, is another notable influencer in the crypto world. With a million followers, he provides analysis of the industry and commentaries on different subjects that include crypto.
The cryptocurrency boom of 2021 has attracted a fresh wave of mainstream investor interest, particularly from younger people who are active on social media and are diligently tuning in to podcasts to find out which coins are worth investing in.
The incredible benefit of a podcast is that anyone can start listening and from anywhere. Plus, another benefit is that one can listen to it as many times as they want.
Hundreds of channels on any platform like Apple Podcasts, G-podcast, Stitcher, and Spotify now cater to the crypto market, helping listeners stay informed or get interested in the arena.
One of the most popular podcasts to emerge has been The Crypto Conversation with Andy Pickering. Most of the shows are analysis-driven and focus on speculations and predictions. Brave New Coin’s Crypto Conversation talks to the key people creating the Bitcoin, blockchain and cryptocurrency.
A top performing podcast is What Bitcoin Did, hosted by Peter McCormack who covers bitcoin and the coin’s relevancy to today’s economy.
Dubbed the world’s best cryptocurrency podcast is The BAD CRYPTO PODCAST. Technologists and crypto-enthusiasts Joel Comm and Travis Wright attempt to demystify the world of bitcoin, blockchain, Litecoin, Ethereum, alt-coins, token generation events, and ICOs in this podcast designed for cryptocurrency newbies.
Crypto assets and blockchain technology are poised to transform every trust-based interaction of our lives, from financial services to identity to the Internet of Things.
Cryptocurrencies are the future of money by many individuals and their story looks to still be in the early stages.
To stay ahead of the curve and be on the groundbreaking of the future of money, tuning in to a crypto podcast may be one of the best ways to learn about the world of digital coins and what your next move should be.